Zurcher Kantonalbank Zurich Cantonalbank Buys 2,725 Shares of FormFactor, Inc. (NASDAQ:FORM)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in FormFactor, Inc. (NASDAQ:FORM) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,823 shares of the semiconductor company’s stock after buying an additional 2,725 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FormFactor were worth $743,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new stake in shares of FormFactor in the 4th quarter valued at $202,000. Louisiana State Employees Retirement System acquired a new position in FormFactor in the fourth quarter valued at about $1,623,000. Peregrine Capital Management LLC bought a new stake in FormFactor during the fourth quarter worth about $5,967,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FormFactor by 6.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,640 shares of the semiconductor company’s stock worth $1,487,000 after buying an additional 2,044 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of FormFactor by 18.5% in the fourth quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock valued at $220,000 after acquiring an additional 824 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

FormFactor stock opened at $45.53 on Tuesday. The firm has a market capitalization of $3.52 billion, a P/E ratio of 42.95 and a beta of 1.18. The business has a 50-day moving average of $43.70 and a 200-day moving average of $40.26. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1 year low of $24.88 and a 1 year high of $47.94.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore ISI started coverage on FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target on the stock. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target on shares of FormFactor in a research report on Thursday, February 8th. Finally, TD Cowen increased their price objective on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.56.

Insider Transactions at FormFactor

In related news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated 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 directly owns 495,781 shares in the company, valued at $22,776,179.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $1,223,580 over the last 90 days. 0.96% of the stock is owned by company insiders.

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.