9,801 Shares in FormFactor, Inc. (NASDAQ:FORM) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,801 shares of the semiconductor company’s stock, valued at approximately $431,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after purchasing an additional 484,176 shares during the period. Sei Investments Co. lifted its holdings in shares of FormFactor by 34.5% during the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company’s stock valued at $70,202,000 after buying an additional 409,304 shares during the period. Royce & Associates LP boosted its stake in shares of FormFactor by 30.1% in the 4th quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company’s stock worth $77,312,000 after buying an additional 406,768 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of FormFactor in the fourth quarter worth $14,222,000. Finally, Norges Bank purchased a new stake in FormFactor during the fourth quarter valued at $12,446,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

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

FormFactor Stock Down 1.2 %

Shares of FORM stock opened at $28.29 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a one year low of $27.55 and a one year high of $63.63. The company’s fifty day moving average price is $35.14 and its 200-day moving average price is $40.46. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 31.79 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Sell-side analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

About FormFactor

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.