323,237 Shares in FormFactor, Inc. (NASDAQ:FORM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 323,237 shares of the semiconductor company's stock, valued at approximately $14,222,000. Raymond James Financial Inc. owned 0.42% of FormFactor as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. raised its stake in shares of FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock worth $242,000 after buying an additional 288 shares during the period. Advisors Asset Management Inc. raised its stake in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after buying an additional 309 shares during the period. Glenmede Trust Co. NA raised its stake in shares of FormFactor by 7.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company's stock worth $276,000 after buying an additional 415 shares during the period. Manchester Capital Management LLC raised its stake 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 buying an additional 440 shares during the period. Finally, Quarry LP raised its stake in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after buying an additional 523 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Remove Ads

FormFactor Trading Down 3.6 %

Shares of FORM traded down $1.16 during midday trading on Friday, reaching $31.11. The company had a trading volume of 1,575,364 shares, compared to its average volume of 691,102. FormFactor, Inc. has a 1-year low of $30.22 and a 1-year high of $63.63. The stock has a market cap of $2.41 billion, a PE ratio of 34.96 and a beta of 1.07. The firm has a 50 day simple moving average of $36.71 and a 200-day simple moving average of $41.04. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. Research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FORM. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and upped their target price for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI reduced their target price on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. B. Riley lowered FormFactor from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Stifel Nicolaus decreased their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, FormFactor presently has an average rating of "Hold" and an average target price of $48.50.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now directly owns 522,531 shares of the company's stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.96% of the company's stock.

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.