JPMorgan Chase & Co. Acquires 275,824 Shares of FormFactor, Inc. (NASDAQ:FORM)

JPMorgan Chase & Co. grew its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 118.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 509,399 shares of the semiconductor company's stock after acquiring an additional 275,824 shares during the quarter. JPMorgan Chase & Co. owned 0.66% of FormFactor worth $22,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. boosted 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 acquiring an additional 288 shares during the period. Manchester Capital Management LLC lifted 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 last quarter. Xponance Inc. lifted its stake in shares of FormFactor by 10.1% during the 4th quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock worth $246,000 after buying an additional 511 shares during the last quarter. Quarry LP boosted its holdings 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. Finally, Blue Trust Inc. grew its stake in FormFactor by 10.2% in the 4th quarter. Blue Trust Inc. now owns 6,685 shares of the semiconductor company's stock valued at $307,000 after buying an additional 617 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on FORM shares. Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Evercore ISI dropped their price objective 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. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and raised their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and reduced their price target for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.50.

FormFactor Trading Up 0.5 %

Shares of FORM traded up $0.13 during mid-day trading on Tuesday, reaching $27.27. 64,392 shares of the company were exchanged, compared to its average volume of 748,272. The business has a 50 day simple moving average of $31.74 and a two-hundred day simple moving average of $38.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The stock has a market capitalization of $2.11 billion, a PE ratio of 30.65 and a beta of 1.15. 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 issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the transaction, the chief executive officer now owns 514,650 shares in the company, valued at $14,533,716. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.

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.