Advisors Asset Management Inc. Increases Stake in FormFactor, Inc. (NASDAQ:FORM)

Advisors Asset Management Inc. raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 99.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 620 shares of the semiconductor company’s stock after buying an additional 309 shares during the quarter. Advisors Asset Management Inc.’s holdings in FormFactor were worth $29,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in FormFactor during the 2nd quarter valued at about $38,000. Redwood Wealth Management Group LLC purchased a new stake in shares of FormFactor in the second quarter valued at approximately $43,000. CWM LLC increased its holdings in shares of FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 370 shares during the last quarter. GAMMA Investing LLC lifted its position in FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after buying an additional 406 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in FormFactor during the second quarter worth $204,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Price Performance

FormFactor stock opened at $40.06 on Friday. The company’s 50 day simple moving average is $42.87 and its 200-day simple moving average is $49.43. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 23.02 and a beta of 1.12. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FORM. Needham & Company LLC reduced their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $55.38.

FormFactor 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.