JPMorgan Chase & Co. lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 46.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,575 shares of the semiconductor company's stock after selling 204,853 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of FormFactor worth $10,744,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of FormFactor by 5.1% during the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company's stock worth $18,940,000 after purchasing an additional 18,810 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of FormFactor by 7.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company's stock valued at $2,200,000 after buying an additional 3,426 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock valued at $95,105,000 after buying an additional 73,982 shares during the last quarter. Barclays PLC boosted its holdings in shares of FormFactor by 351.9% in the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after buying an additional 113,296 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of FormFactor in the 3rd quarter worth approximately $550,000. Institutional investors own 98.76% of the company's stock.
FormFactor Price Performance
NASDAQ FORM opened at $44.22 on Monday. The stock's fifty day moving average price is $42.54 and its 200 day moving average price is $46.62. FormFactor, Inc. has a 1 year low of $37.25 and a 1 year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 25.41 and a beta of 1.08.
Insider Activity
In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.96% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on FORM. Needham & Company LLC lowered their target price on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, TD Cowen dropped their target price on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.00.
Check Out Our Latest Stock Analysis on FORM
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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