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.
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.
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.
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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.
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