FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,966 shares of the semiconductor company's stock after buying an additional 30,093 shares during the quarter. Deutsche Bank AG owned about 0.17% of FormFactor worth $5,939,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FORM. Pinpoint Asset Management Ltd purchased a new stake in FormFactor in the 4th quarter valued at approximately $43,000. Manchester Capital Management LLC raised its position in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares during the last quarter. IFP Advisors Inc raised its position in shares of FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 1,181 shares during the last quarter. Finally, KBC Group NV raised its position in shares of 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 purchasing an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FORM. Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. B. Riley boosted their price target on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. DA Davidson cut their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Finally, Evercore ISI cut their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.71.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, April 1st. The stock was 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 directly owns 514,650 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company's stock.

FormFactor Stock Down 1.5%

Shares of FormFactor stock traded down $0.47 during trading hours on Wednesday, hitting $31.44. 748,064 shares of the company's stock traded hands, compared to its average volume of 773,714. The stock has a 50 day simple moving average of $28.94 and a 200-day simple moving average of $36.19. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.42 billion, a PE ratio of 35.33 and a beta of 1.14. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The company's revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Equities research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.