Cwm LLC Grows Stake in FormFactor, Inc. (NASDAQ:FORM)

Cwm LLC lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORMGet Rating) by 197.0% in the third quarter, Holdings Channel reports. The firm owned 1,084 shares of the semiconductor company’s stock after buying an additional 719 shares during the period. Cwm LLC’s holdings in FormFactor were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Raymond James & Associates boosted its position in FormFactor by 77.5% during the first quarter. Raymond James & Associates now owns 22,526 shares of the semiconductor company’s stock worth $947,000 after acquiring an additional 9,836 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in FormFactor by 8.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 20,565 shares of the semiconductor company’s stock valued at $864,000 after purchasing an additional 1,521 shares during the last quarter. American Century Companies Inc. boosted its holdings in FormFactor by 4.2% in the 1st quarter. American Century Companies Inc. now owns 43,413 shares of the semiconductor company’s stock valued at $1,825,000 after purchasing an additional 1,767 shares during the last quarter. HighTower Advisors LLC boosted its holdings in FormFactor by 2.2% in the 1st quarter. HighTower Advisors LLC now owns 21,496 shares of the semiconductor company’s stock valued at $901,000 after purchasing an additional 465 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in FormFactor by 11.9% in the 1st quarter. Citigroup Inc. now owns 71,507 shares of the semiconductor company’s stock valued at $3,006,000 after purchasing an additional 7,621 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

FORM has been the topic of several recent analyst reports. Cowen decreased their target price on shares of FormFactor to $25.00 in a report on Thursday, October 27th. Northland Securities began coverage on shares of FormFactor in a report on Tuesday, December 13th. They issued an “outperform” rating and a $33.00 price objective on the stock. Stifel Nicolaus lowered shares of FormFactor from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Thursday, October 27th. Jefferies Financial Group began coverage on shares of FormFactor in a report on Thursday, January 12th. They issued a “hold” rating on the stock. Finally, Needham & Company LLC decreased their price objective on shares of FormFactor from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

FormFactor Trading Up 3.7 %

Shares of FormFactor stock opened at $25.82 on Friday. The company has a fifty day simple moving average of $23.29 and a 200-day simple moving average of $27.37. FormFactor, Inc. has a 12-month low of $18.15 and a 12-month high of $44.40. The company has a current ratio of 3.15, a quick ratio of 2.35 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 22.45 and a beta of 1.17.

FormFactor (NASDAQ:FORMGet Rating) last issued its earnings results on Wednesday, October 26th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $180.87 million during the quarter, compared to analysts’ expectations of $184.40 million. FormFactor had a net margin of 11.48% and a return on equity of 12.64%. On average, equities analysts forecast that FormFactor, Inc. will post 0.94 EPS for the current fiscal year.

About FormFactor

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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.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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