Raymond James Financial Inc. acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 323,237 shares of the semiconductor company's stock, valued at approximately $14,222,000. Raymond James Financial Inc. owned approximately 0.42% of FormFactor as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pinpoint Asset Management Ltd purchased a new stake in shares of FormFactor in the 4th quarter valued at $43,000. Manchester Capital Management LLC lifted its position in FormFactor by 63.8% during the fourth 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 boosted 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 purchasing an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC grew 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 purchasing an additional 1,181 shares during the period. Finally, KBC Group NV raised its stake 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 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.
Analyst Ratings Changes
FORM has been the subject of a number of analyst reports. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and decreased their target price for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and increased their target price for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, Evercore ISI cut their price target on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $48.50.
View Our Latest Stock Analysis on FORM
FormFactor Trading Up 0.5 %
Shares of FORM traded up $0.13 during mid-day trading on Friday, reaching $28.34. The stock had a trading volume of 849,760 shares, compared to its average volume of 771,103. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 31.84 and a beta of 1.15. The business's fifty day moving average is $29.86 and its 200 day moving average is $37.89. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $63.63.
FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, sell-side analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.
Insider Transactions at FormFactor
In other FormFactor 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 of the company's stock, valued at $14,533,716. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.96% of the company's stock.
About FormFactor
(
Free Report)
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.
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