Deutsche Bank AG Increases Holdings in FormFactor, Inc. (NASDAQ:FORM)

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

Other large investors have also modified their holdings of the company. Pinpoint Asset Management Ltd purchased a new position in FormFactor in the fourth quarter valued at $43,000. Manchester Capital Management LLC increased its holdings in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after buying an additional 440 shares during the last quarter. IFP Advisors Inc increased its holdings in FormFactor by 4,732.4% in the fourth 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 during the last quarter. Smartleaf Asset Management LLC increased its holdings in FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after buying an additional 1,181 shares during the last quarter. Finally, KBC Group NV increased its holdings in FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock valued at $160,000 after buying an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total value of $112,960.00. Following the sale, the chief executive officer now owns 514,650 shares of the company's stock, valued at approximately $14,533,716. The trade was a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DA Davidson dropped their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus dropped their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. B. Riley raised their price objective on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Evercore ISI dropped their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $42.71.

FormFactor Stock Performance

Shares of FORM stock traded down $0.41 during mid-day trading on Friday, hitting $30.37. 583,044 shares of the stock were exchanged, compared to its average volume of 772,969. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $63.63. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 34.12 and a beta of 1.14. The stock's fifty day simple moving average is $28.85 and its two-hundred day simple moving average is $36.04. 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 (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, topping the consensus estimate of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The business had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

FormFactor Company 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.