Cibc World Markets Corp Takes Position in FormFactor, Inc. (NASDAQ:FORM)

Cibc World Markets Corp acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,245 shares of the semiconductor company’s stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. D.A. Davidson & CO. raised its holdings in shares of FormFactor by 5.5% in the fourth 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 last quarter. Advisors Asset Management Inc. lifted its holdings in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of FormFactor by 7.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 415 shares during the last quarter. Manchester Capital Management LLC grew 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 worth $50,000 after buying an additional 440 shares in the last quarter. Finally, Quarry LP raised its position in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 523 shares during the last quarter. Hedge funds and other institutional investors 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 that occurred on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on FORM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Evercore ISI lowered 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. Stifel Nicolaus reduced their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.50.

FormFactor Stock Up 4.0 %

Shares of NASDAQ:FORM opened at $32.35 on Tuesday. The stock has a 50-day simple moving average of $36.50 and a 200-day simple moving average of $40.90. The stock has a market capitalization of $2.51 billion, a P/E ratio of 36.35 and a beta of 1.07. FormFactor, Inc. has a 1 year low of $30.22 and a 1 year 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.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data 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%. Equities analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.