Wellington Management Group LLP Sells 27,911 Shares of FormFactor, Inc. (NASDAQ:FORM)

Wellington Management Group LLP lowered its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,158,363 shares of the semiconductor company’s stock after selling 27,911 shares during the quarter. Wellington Management Group LLP owned 1.50% of FormFactor worth $50,968,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FORM. Vanguard Group Inc. boosted its holdings in shares of FormFactor by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after purchasing an additional 484,176 shares during the period. Sei Investments Co. raised its holdings in shares of FormFactor by 34.5% in the fourth quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company’s stock valued at $70,202,000 after acquiring an additional 409,304 shares in the last quarter. Royce & Associates LP lifted its stake in FormFactor by 30.1% in the fourth quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company’s stock worth $77,312,000 after acquiring an additional 406,768 shares during the period. Raymond James Financial Inc. bought a new position in FormFactor during the 4th quarter worth about $14,222,000. Finally, Norges Bank purchased a new position in FormFactor during the 4th quarter valued at about $12,446,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

Shares of FORM opened at $24.17 on Friday. FormFactor, Inc. has a 12 month low of $22.84 and a 12 month high of $63.63. The stock has a fifty day moving average price of $33.84 and a 200-day moving average price of $40.02. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.87 billion, a PE ratio of 27.16 and a beta of 1.08.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. Equities research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the transaction, the chief executive officer now owns 514,650 shares of the company’s stock, valued at approximately $14,533,716. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and dropped their target price for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Stifel Nicolaus reduced their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Finally, Evercore ISI decreased their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.50.

About FormFactor

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 in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.