FormFactor, Inc. (NASDAQ:FORM) is Pier Capital LLC’s 3rd Largest Position

Pier Capital LLC reduced its position in FormFactor, Inc. (NASDAQ:FORMGet Rating) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 338,643 shares of the semiconductor company’s stock after selling 68,611 shares during the period. FormFactor comprises approximately 1.6% of Pier Capital LLC’s holdings, making the stock its 3rd largest position. Pier Capital LLC owned approximately 0.43% of FormFactor worth $15,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FORM. Primecap Management Co. CA grew its position in shares of FormFactor by 1.6% during the 3rd quarter. Primecap Management Co. CA now owns 3,259,659 shares of the semiconductor company’s stock valued at $121,683,000 after acquiring an additional 50,767 shares during the period. Bank of America Corp DE grew its position in shares of FormFactor by 5.0% during the 4th quarter. Bank of America Corp DE now owns 2,409,589 shares of the semiconductor company’s stock valued at $110,167,000 after acquiring an additional 114,375 shares during the period. Royce & Associates LP grew its position in shares of FormFactor by 3.2% during the 4th quarter. Royce & Associates LP now owns 1,938,613 shares of the semiconductor company’s stock valued at $88,633,000 after acquiring an additional 59,458 shares during the period. FMR LLC grew its position in shares of FormFactor by 261,685.1% during the 1st quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock valued at $16,427,000 after acquiring an additional 1,020,572 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of FormFactor by 9.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 934,178 shares of the semiconductor company’s stock valued at $34,873,000 after acquiring an additional 83,105 shares during the period. Institutional investors and hedge funds own 92.86% of the company’s stock.

Shares of FormFactor stock traded down $0.32 during trading on Tuesday, reaching $37.90. 377,004 shares of the stock traded hands, compared to its average volume of 354,339. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.60 and a quick ratio of 2.78. FormFactor, Inc. has a 52-week low of $32.69 and a 52-week high of $47.48. The firm’s fifty day moving average price is $39.35. The firm has a market cap of $2.96 billion, a P/E ratio of 31.58 and a beta of 1.37.

FormFactor (NASDAQ:FORMGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The semiconductor company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. FormFactor had a net margin of 12.07% and a return on equity of 13.56%. During the same period in the prior year, the business posted $0.32 earnings per share. On average, sell-side analysts predict that FormFactor, Inc. will post 1.57 EPS for the current year.

Several brokerages recently weighed in on FORM. B. Riley dropped their target price on shares of FormFactor from $60.00 to $55.00 in a report on Thursday, February 3rd. Citigroup upped their target price on shares of FormFactor from $45.00 to $50.00 in a report on Thursday, February 3rd. StockNews.com began coverage on shares of FormFactor in a report on Thursday, March 31st. They issued a “buy” rating for the company. Stifel Nicolaus dropped their target price on shares of FormFactor from $51.00 to $47.00 and set a “buy” rating for the company in a report on Monday, April 25th. Finally, CL King upped their target price on shares of FormFactor from $43.00 to $45.00 in a report on Tuesday, April 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $50.17.

About FormFactor (Get Rating)

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems 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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