Meeder Asset Management Inc. Invests $431,000 in FormFactor, Inc. (NASDAQ:FORM)

Meeder Asset Management Inc. purchased 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 SEC. The institutional investor purchased 9,801 shares of the semiconductor company’s stock, valued at approximately $431,000.

A number of other institutional investors also recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its stake in shares of FormFactor by 16.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,290 shares of the semiconductor company’s stock valued at $497,000 after acquiring an additional 1,614 shares during the period. Norges Bank purchased a new stake in FormFactor in the 4th quarter worth about $12,446,000. JPMorgan Chase & Co. raised its position in FormFactor by 118.1% in the 4th quarter. JPMorgan Chase & Co. now owns 509,399 shares of the semiconductor company’s stock worth $22,414,000 after purchasing an additional 275,824 shares during the period. Montanaro Asset Management Ltd lifted its stake in FormFactor by 0.8% in the fourth quarter. Montanaro Asset Management Ltd now owns 115,161 shares of the semiconductor company’s stock worth $5,067,000 after purchasing an additional 870 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of FormFactor during the fourth quarter valued at approximately $318,000. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.96% of the company’s stock.

FormFactor Stock Down 1.2 %

Shares of FormFactor stock opened at $28.29 on Tuesday. FormFactor, Inc. has a 1 year low of $27.55 and a 1 year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 31.79 and a beta of 1.07. The firm’s 50-day moving average is $35.14 and its two-hundred day moving average is $40.46.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. As a group, research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.