Allianz Asset Management GmbH reduced its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,455 shares of the semiconductor company’s stock after selling 4,728 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.57% of FormFactor worth $5,726,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of FORM. BlackRock Inc. increased its holdings in FormFactor by 99.1% during the 1st quarter. BlackRock Inc. now owns 9,322,911 shares of the semiconductor company’s stock valued at $127,258,000 after acquiring an additional 4,640,895 shares in the last quarter. Principal Financial Group Inc. increased its holdings in FormFactor by 1,172.4% during the 1st quarter. Principal Financial Group Inc. now owns 600,047 shares of the semiconductor company’s stock valued at $8,191,000 after acquiring an additional 552,888 shares in the last quarter. AXA increased its holdings in FormFactor by 897.4% during the 4th quarter. AXA now owns 345,089 shares of the semiconductor company’s stock valued at $5,401,000 after acquiring an additional 310,489 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in FormFactor by 99.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 526,343 shares of the semiconductor company’s stock valued at $8,237,000 after acquiring an additional 262,210 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in FormFactor during the 4th quarter valued at about $3,763,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.
Several equities analysts have weighed in on FORM shares. BidaskClub downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Needham & Company LLC downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating and dropped their target price for the company from $20.00 to $17.00 in a report on Friday, April 27th. TheStreet downgraded shares of FormFactor from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. Zacks Investment Research upgraded shares of FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, ValuEngine upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $17.92.
Shares of FormFactor opened at $14.15 on Friday, according to Marketbeat Ratings. The stock has a market cap of $1.04 billion, a PE ratio of 14.15, a PEG ratio of 1.04 and a beta of 1.36. FormFactor, Inc. has a 12 month low of $11.10 and a 12 month high of $18.65. The company has a quick ratio of 2.46, a current ratio of 3.23 and a debt-to-equity ratio of 0.14.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $118.29 million during the quarter, compared to the consensus estimate of $116.08 million. FormFactor had a net margin of 7.04% and a return on equity of 15.19%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. research analysts predict that FormFactor, Inc. will post 0.86 earnings per share for the current fiscal year.
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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