FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,374 shares of the semiconductor company’s stock after selling 4,291 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FormFactor were worth $975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FORM. Belpointe Asset Management LLC increased its position in FormFactor by 170.1% during the 1st quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 684 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in FormFactor during the 3rd quarter worth approximately $70,000. Tower Research Capital LLC TRC increased its position in FormFactor by 247.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 1,771 shares during the period. CWM LLC increased its position in FormFactor by 124.3% during the 3rd quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 1,530 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of FormFactor by 10.0% during the 1st quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The transaction was disclosed in a filing with the SEC, which is available through this link. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total transaction of $445,100.00. Following the transaction, the chief financial officer now owns 27,591 shares of the company’s stock, valued at approximately $1,228,075.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at approximately $22,776,179.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,000 shares of company stock valued at $1,223,580. 1.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FORM has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $46.00 price target on shares of FormFactor in a research note on Thursday, February 8th. StockNews.com raised FormFactor from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Finally, TD Cowen boosted their price target on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.63.

FormFactor Price Performance

FORM stock opened at $44.61 on Monday. FormFactor, Inc. has a 1 year low of $24.88 and a 1 year high of $47.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. The stock’s 50 day moving average price is $43.23 and its 200 day moving average price is $39.60. The firm has a market cap of $3.45 billion, a P/E ratio of 42.08 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. On average, sell-side analysts expect that FormFactor, Inc. will post 0.63 earnings per share for the current fiscal year.

About FormFactor

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.