Raymond James Financial Inc. Buys New Shares in FormFactor, Inc. (NASDAQ:FORM)

Raymond James Financial Inc. acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 323,237 shares of the semiconductor company's stock, valued at approximately $14,222,000. Raymond James Financial Inc. owned approximately 0.42% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinpoint Asset Management Ltd acquired a new position in shares of FormFactor during the 4th quarter worth about $43,000. Manchester Capital Management LLC lifted its holdings in shares of FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 440 shares during the period. IFP Advisors Inc grew its stake in FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC raised its position in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after purchasing an additional 1,181 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock valued at $160,000 after buying an additional 1,717 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the sale, the chief executive officer now directly owns 514,650 shares in the company, valued at approximately $14,533,716. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by company insiders.

FormFactor Stock Performance

FORM traded up $0.13 during midday trading on Friday, reaching $28.34. The company had a trading volume of 496,845 shares, compared to its average volume of 769,669. The stock has a market cap of $2.20 billion, a PE ratio of 31.68 and a beta of 1.15. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $63.63. 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 business has a 50-day moving average price of $30.05 and a two-hundred day moving average price of $38.02.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on FORM. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Stifel Nicolaus decreased their price target 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 decreased their price target 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. Finally, Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $48.50.

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.