Bank of Montreal Can Boosts Holdings in FormFactor, Inc. (NASDAQ:FORM)

Bank of Montreal Can raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,473 shares of the semiconductor company’s stock after buying an additional 610 shares during the quarter. Bank of Montreal Can’s holdings in FormFactor were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FORM. Pinpoint Asset Management Ltd purchased a new position in FormFactor during the fourth quarter valued at $43,000. Manchester Capital Management LLC boosted its holdings in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares during the last quarter. IFP Advisors Inc grew its position in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,609 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,181 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock worth $160,000 after buying an additional 1,717 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $25.54 on Wednesday. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 28.70 and a beta of 1.15. The firm’s 50-day moving average is $30.47 and its 200 day moving average is $38.22.

FormFactor (NASDAQ:FORM) last issued its quarterly 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 return on equity of 5.93% and a net margin of 9.12%. Research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the sale, the chief executive officer now directly owns 514,650 shares of the company’s stock, valued at $14,533,716. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

FORM has been the topic of a number of research reports. Stifel Nicolaus reduced their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Evercore ISI lowered their price target on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.50.

FormFactor Company 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.