Dimensional Fund Advisors LP Increases Holdings in FormFactor, Inc. (FORM)

Dimensional Fund Advisors LP raised its position in FormFactor, Inc. (NASDAQ:FORM) by 0.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,095,665 shares of the semiconductor company’s stock after purchasing an additional 33,418 shares during the period. Dimensional Fund Advisors LP owned 6.98% of FormFactor worth $69,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Great West Life Assurance Co. Can lifted its holdings in FormFactor by 655.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 94,087 shares of the semiconductor company’s stock valued at $1,280,000 after purchasing an additional 81,625 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in FormFactor in the 1st quarter valued at $395,000. JPMorgan Chase & Co. lifted its holdings in FormFactor by 602.1% in the 1st quarter. JPMorgan Chase & Co. now owns 167,091 shares of the semiconductor company’s stock valued at $2,281,000 after purchasing an additional 143,291 shares in the last quarter. BlackRock Inc. lifted its holdings in FormFactor by 99.1% in the 1st quarter. BlackRock Inc. now owns 9,322,911 shares of the semiconductor company’s stock valued at $127,258,000 after purchasing an additional 4,640,895 shares in the last quarter. Finally, Glen Harbor Capital Management LLC purchased a new position in FormFactor in the 1st quarter valued at $148,000. Institutional investors own 91.57% of the company’s stock.

NASDAQ FORM opened at $14.05 on Monday. FormFactor, Inc. has a 52 week low of $11.10 and a 52 week high of $18.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.23. The firm has a market cap of $1.03 billion, a PE ratio of 15.11, a P/E/G ratio of 1.02 and a beta of 1.36.



FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. FormFactor had a return on equity of 15.19% and a net margin of 7.04%. The business had revenue of $118.29 million for the quarter, compared to analyst estimates of $116.08 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. sell-side analysts expect that FormFactor, Inc. will post 0.86 earnings per share for the current fiscal year.

FORM has been the topic of a number of research reports. TheStreet lowered FormFactor from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. BidaskClub upgraded FormFactor from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Zacks Investment Research upgraded FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, April 2nd. Northland Securities started coverage on FormFactor in a report on Tuesday, April 3rd. They set an “outperform” rating and a $21.00 price target on the stock. Finally, Needham & Company LLC lowered FormFactor from a “strong-buy” rating to a “buy” rating and reduced their price target for the stock from $20.00 to $17.00 in a report on Friday, April 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.92.

In related news, Director Kelley Steven-Waiss sold 8,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $13.22, for a total transaction of $105,760.00. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $13,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond A. Link sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $13.35, for a total value of $60,075.00. Following the sale, the director now directly owns 45,102 shares of the company’s stock, valued at $602,111.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,910 shares of company stock worth $367,529. Insiders own 1.30% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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