Cwm LLC Acquires 382 Shares of FormFactor, Inc. (NASDAQ:FORM)

Cwm LLC raised its holdings in FormFactor, Inc. (NASDAQ:FORM) by 19.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,303 shares of the semiconductor company’s stock after buying an additional 382 shares during the period. Cwm LLC’s holdings in FormFactor were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in FormFactor by 52.3% during the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company’s stock worth $149,000 after buying an additional 1,813 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of FormFactor by 104.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 7,787 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of FormFactor by 118.1% in the 4th quarter. JPMorgan Chase & Co. now owns 509,399 shares of the semiconductor company’s stock worth $22,414,000 after acquiring an additional 275,824 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of FormFactor by 6.9% in the fourth quarter. Bank of Montreal Can now owns 9,473 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 610 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of FormFactor by 28.7% during the fourth quarter. Deutsche Bank AG now owns 134,966 shares of the semiconductor company’s stock valued at $5,939,000 after purchasing an additional 30,093 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FORM has been the subject of a number of recent analyst reports. Evercore ISI reduced their price objective on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research report on Thursday, May 1st. Wall Street Zen downgraded FormFactor from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley increased their price target on FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price target on FormFactor from $34.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday. Finally, DA Davidson reduced their price objective on FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.14.

FormFactor Trading Up 1.8%

Shares of FORM stock opened at $28.93 on Friday. The company has a quick ratio of 3.56, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.23 billion, a P/E ratio of 51.66 and a beta of 1.16. The company has a 50 day moving average of $33.84 and a 200-day moving average of $33.02. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $51.68.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%. The firm had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $190.17 million. During the same period in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insiders Place Their Bets

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the sale, the director directly owned 40,957 shares of the company’s stock, valued at $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.90% of the company’s stock.

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.