FormFactor (FORM) Stake Lowered by Deutsche Bank AG

Deutsche Bank AG decreased its position in shares of FormFactor (NASDAQ:FORM) by 38.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 425,233 shares of the semiconductor company’s stock after selling 264,241 shares during the quarter. Deutsche Bank AG owned 0.59% of FormFactor worth $6,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of FormFactor by 1.2% during the fourth quarter. BlackRock Inc. now owns 4,682,016 shares of the semiconductor company’s stock valued at $73,273,000 after buying an additional 54,625 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in shares of FormFactor by 32.8% during the fourth quarter. Peregrine Capital Management LLC now owns 2,504,269 shares of the semiconductor company’s stock valued at $39,192,000 after buying an additional 618,775 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in FormFactor by 23.9% in the fourth quarter. Hood River Capital Management LLC now owns 1,556,232 shares of the semiconductor company’s stock worth $24,355,000 after purchasing an additional 299,880 shares during the last quarter. Geode Capital Management LLC boosted its holdings in FormFactor by 37.5% in the fourth quarter. Geode Capital Management LLC now owns 877,543 shares of the semiconductor company’s stock worth $13,733,000 after purchasing an additional 239,307 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its holdings in FormFactor by 29.8% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 859,001 shares of the semiconductor company’s stock worth $13,443,000 after purchasing an additional 197,408 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several brokerages recently issued reports on FORM. Northland Securities began coverage on shares of FormFactor in a report on Tuesday, April 3rd. They issued an “outperform” rating and a $21.00 target price on the stock. BidaskClub cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. TheStreet cut shares of FormFactor from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. Citigroup dropped their target price on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Finally, B. Riley restated a “buy” rating and issued a $20.00 target price (down previously from $22.00) on shares of FormFactor in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $18.43.

In other news, CFO Michael M. Ludwig sold 2,500 shares of FormFactor stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $13.38, for a total transaction of $33,450.00. Following the transaction, the chief financial officer now owns 242,887 shares in the company, valued at approximately $3,249,828.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael M. Ludwig sold 30,000 shares of FormFactor stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $12.73, for a total transaction of $381,900.00. Following the transaction, the chief financial officer now owns 270,387 shares in the company, valued at approximately $3,442,026.51. The disclosure for this sale can be found here. Insiders have sold a total of 98,431 shares of company stock worth $1,286,460 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Shares of FORM stock opened at $13.15 on Monday. FormFactor has a 12-month low of $10.45 and a 12-month high of $18.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.58 and a current ratio of 3.32. The company has a market capitalization of $971.75, a P/E ratio of 13.15, a P/E/G ratio of 0.81 and a beta of 1.34.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The company had revenue of $131.90 million during the quarter, compared to analysts’ expectations of $129.98 million. FormFactor had a return on equity of 16.81% and a net margin of 7.46%. equities analysts predict that FormFactor will post 1.02 EPS for the current year.

WARNING: This story was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3342604/formfactor-form-stake-lowered-by-deutsche-bank-ag.html.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system 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.

Want to see what other hedge funds are holding FORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FormFactor (NASDAQ:FORM).

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brokerages Set National Commerce  Target Price at $44.25
Brokerages Set National Commerce Target Price at $44.25
Valero Energy Partners  Receives $48.67 Average Price Target from Analysts
Valero Energy Partners Receives $48.67 Average Price Target from Analysts
Transocean LTD  Given Average Rating of “Hold” by Analysts
Transocean LTD Given Average Rating of “Hold” by Analysts
BT2 [CST]  Trading Down 7.2% This Week
BT2 [CST] Trading Down 7.2% This Week
PACcoin Tops One Day Trading Volume of $195,225.00
PACcoin Tops One Day Trading Volume of $195,225.00
Frontier Communications  Bond Prices Rise 1%
Frontier Communications Bond Prices Rise 1%


Leave a Reply

© 2006-2018 Ticker Report. Google+.