323,237 Shares in FormFactor, Inc. (NASDAQ:FORM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in FormFactor, Inc. (NASDAQ:FORM) in the 4th quarter, according to its most recent filing with the Securities and 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 and Exchange Commission.

Several other large investors also recently bought and sold shares of FORM. State of New Jersey Common Pension Fund D increased its holdings in FormFactor by 21.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,967 shares of the semiconductor company’s stock worth $1,838,000 after buying an additional 7,061 shares in the last quarter. Quest Partners LLC increased its holdings in FormFactor by 24.8% in the 3rd quarter. Quest Partners LLC now owns 7,702 shares of the semiconductor company’s stock worth $354,000 after buying an additional 1,529 shares in the last quarter. Jennison Associates LLC bought a new stake in FormFactor in the 3rd quarter worth about $783,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in FormFactor by 129.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company’s stock worth $3,793,000 after purchasing an additional 46,488 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction 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 trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.96% of the company’s stock.

FormFactor Stock Performance

NASDAQ:FORM opened at $32.82 on Wednesday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 36.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The stock’s 50 day simple moving average is $37.44 and its two-hundred day simple moving average is $41.28. FormFactor, Inc. has a 1 year low of $30.22 and a 1 year high of $63.63.

FormFactor (NASDAQ:FORM) last released its earnings results 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 analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FORM shares. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Evercore ISI lowered their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $51.00 in a research report on Monday, January 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.50.

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.