Comerica Bank Sells 7,365 Shares of FormFactor, Inc. (NASDAQ:FORM)

Comerica Bank trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORMGet Rating) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,125 shares of the semiconductor company’s stock after selling 7,365 shares during the period. Comerica Bank owned approximately 0.08% of FormFactor worth $1,558,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. CWM LLC raised its position in shares of FormFactor by 197.0% during the third quarter. CWM LLC now owns 1,084 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 719 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of FormFactor during the second quarter worth approximately $40,000. First Horizon Advisors Inc. acquired a new position in shares of FormFactor during the second quarter worth approximately $112,000. Ronald Blue Trust Inc. purchased a new stake in FormFactor in the 2nd quarter valued at $125,000. Finally, Captrust Financial Advisors raised its position in FormFactor by 10.0% in the 1st quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 281 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Up 3.7 %

FORM stock opened at $25.82 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.35 and a current ratio of 3.15. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 22.45 and a beta of 1.17. FormFactor, Inc. has a fifty-two week low of $18.15 and a fifty-two week high of $44.40. The stock has a fifty day moving average of $23.29 and a 200-day moving average of $27.37.

FormFactor (NASDAQ:FORMGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The semiconductor company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $180.87 million during the quarter, compared to the consensus estimate of $184.40 million. FormFactor had a return on equity of 12.64% and a net margin of 11.48%. As a group, equities research analysts predict that FormFactor, Inc. will post 0.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup lowered their price target on FormFactor from $42.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Jefferies Financial Group assumed coverage on FormFactor in a research report on Thursday, January 12th. They issued a “hold” rating for the company. Northland Securities initiated coverage on FormFactor in a research report on Tuesday, December 13th. They issued an “outperform” rating and a $33.00 price target for the company. DA Davidson decreased their target price on FormFactor from $40.00 to $32.00 in a research report on Thursday, October 27th. Finally, StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

FormFactor Company Profile

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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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

See Also

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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