FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 76.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,458 shares of the semiconductor company's stock after selling 23,557 shares during the quarter. Janney Montgomery Scott LLC's holdings in FormFactor were worth $328,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Algert Global LLC raised its holdings in FormFactor by 134.4% in the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company's stock valued at $2,440,000 after acquiring an additional 30,410 shares in the last quarter. FMR LLC increased its stake in FormFactor by 1,255.5% in the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company's stock valued at $5,356,000 after purchasing an additional 107,837 shares during the last quarter. Citigroup Inc. increased its stake in FormFactor by 59.4% in the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company's stock valued at $4,867,000 after purchasing an additional 39,419 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of FormFactor by 14.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company's stock worth $362,000 after acquiring an additional 972 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of FormFactor in the 3rd quarter valued at $818,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FORM shares. TD Cowen cut their target price on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus cut their target price on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI cut their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Finally, B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and cut their target price for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $48.50.

FormFactor Price Performance

Shares of NASDAQ FORM traded up $1.06 during trading on Friday, hitting $37.80. 963,597 shares of the company were exchanged, compared to its average volume of 891,268. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 42.47 and a beta of 1.07. FormFactor, Inc. has a 1 year low of $32.71 and a 1 year high of $63.63. The firm's fifty day moving average price is $42.30 and its 200 day moving average price is $43.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.94.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 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, sell-side analysts expect that FormFactor, Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 12,000 shares of company stock worth $496,040 in the last three months. 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.