FormFactor, Inc. (NASDAQ:FORM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 46.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,575 shares of the semiconductor company’s stock after selling 204,853 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of FormFactor worth $10,744,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FORM. Advisors Asset Management Inc. boosted its stake in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of FormFactor in the 2nd quarter worth $43,000. Quarry LP raised its holdings in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares during the period. CWM LLC lifted its stake in FormFactor by 57.3% in the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of FormFactor during the 2nd quarter valued at $204,000. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

NASDAQ:FORM opened at $44.22 on Monday. The firm has a market cap of $3.42 billion, a PE ratio of 25.41 and a beta of 1.08. The company’s 50-day moving average price is $42.54 and its two-hundred day moving average price is $46.62. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $37.25 and a 12 month high of $63.63.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now owns 526,531 shares of the company’s stock, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FORM shares. TD Cowen lowered their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC lowered their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.00.

FormFactor Company 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.