Meeder Asset Management Inc. Buys New Holdings in FormFactor, Inc. (NASDAQ:FORM)

Meeder Asset Management Inc. bought a new position in FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,801 shares of the semiconductor company's stock, valued at approximately $431,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FORM. Pictet Asset Management Holding SA grew its stake in shares of FormFactor by 16.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,290 shares of the semiconductor company's stock valued at $497,000 after buying an additional 1,614 shares in the last quarter. Norges Bank bought a new stake in FormFactor in the fourth quarter worth approximately $12,446,000. JPMorgan Chase & Co. increased its stake in shares of FormFactor by 118.1% during the 4th quarter. JPMorgan Chase & Co. now owns 509,399 shares of the semiconductor company's stock worth $22,414,000 after purchasing an additional 275,824 shares during the last quarter. Montanaro Asset Management Ltd raised its holdings in shares of FormFactor by 0.8% during the 4th quarter. Montanaro Asset Management Ltd now owns 115,161 shares of the semiconductor company's stock valued at $5,067,000 after purchasing an additional 870 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of FormFactor in the 4th quarter valued at $318,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

FormFactor Price Performance

Shares of NASDAQ:FORM traded down $1.08 during midday trading on Friday, reaching $24.17. The company's stock had a trading volume of 1,496,503 shares, compared to its average volume of 728,034. The business's fifty day simple moving average is $33.84 and its 200-day simple moving average is $40.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $63.63. The company has a market capitalization of $1.87 billion, a P/E ratio of 27.16 and a beta of 1.08.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. As a group, equities research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the transaction, the chief executive officer now owns 518,531 shares of the company's stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by insiders.

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.