Janney Montgomery Scott LLC Has $431,000 Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Janney Montgomery Scott LLC increased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 104.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,245 shares of the semiconductor company's stock after buying an additional 7,787 shares during the period. Janney Montgomery Scott LLC's holdings in FormFactor were worth $431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FORM. Alliancebernstein L.P. lifted its position in FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock worth $137,050,000 after buying an additional 1,742,493 shares in the last quarter. Reinhart Partners LLC. lifted its position in FormFactor by 160.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company's stock worth $32,692,000 after buying an additional 712,196 shares in the last quarter. Earnest Partners LLC lifted its position in FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after buying an additional 594,426 shares in the last quarter. Bank of America Corp DE raised its holdings in FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock worth $111,861,000 after purchasing an additional 585,117 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in FormFactor by 138.2% during the 4th quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company's stock worth $43,205,000 after purchasing an additional 569,677 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief executive officer owned 510,650 shares of the company's stock, valued at $16,197,818. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis Thomas St sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the transaction, the director directly owned 40,957 shares of the company's stock, valued at approximately $1,279,496.68. This trade represents a 6.82% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Stock Down 4.0%

NASDAQ FORM traded down $1.44 during trading hours on Monday, reaching $34.74. 622,176 shares of the company's stock were exchanged, compared to its average volume of 779,402. The company's 50-day moving average is $32.41 and its two-hundred day moving average is $34.28. FormFactor, Inc. has a one year low of $22.58 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.56 and a current ratio of 4.45. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 50.35 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The business had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. During the same period in the prior year, the business earned $0.18 EPS. FormFactor's revenue for the quarter 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 fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on FORM. DA Davidson dropped their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Evercore ISI dropped their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Finally, B. Riley boosted 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. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.71.

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.