Mirabella Financial Services LLP Buys 29,329 Shares of FormFactor, Inc. (NASDAQ:FORM)

Mirabella Financial Services LLP raised its stake in FormFactor, Inc. (NASDAQ:FORM) by 119.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,883 shares of the semiconductor company’s stock after acquiring an additional 29,329 shares during the quarter. Mirabella Financial Services LLP’s holdings in FormFactor were worth $2,371,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FORM. Pinpoint Asset Management Ltd acquired a new position in shares of FormFactor in the fourth quarter valued at approximately $43,000. Manchester Capital Management LLC boosted its stake in FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares during the period. IFP Advisors Inc grew its holdings in FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 1,609 shares in the last quarter. Smartleaf Asset Management LLC increased its position in FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock worth $90,000 after buying an additional 1,181 shares during the period. Finally, KBC Group NV increased its position in FormFactor by 90.0% during the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock worth $160,000 after buying an additional 1,717 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FORM has been the topic of several research reports. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI lowered their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and cut their target price for the company from $64.00 to $34.00 in a research report 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.50.

Insider Activity at FormFactor

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

FormFactor Price Performance

FormFactor stock opened at $25.12 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63. The stock has a market capitalization of $1.95 billion, a P/E ratio of 28.23 and a beta of 1.15. The stock has a fifty day moving average of $30.91 and a 200-day moving average of $38.50.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS 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%. On average, sell-side analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

FormFactor Profile

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.