The Manufacturers Life Insurance Company Raises Stock Position in FormFactor, Inc. (NASDAQ:FORM)

The Manufacturers Life Insurance Company lifted its position in FormFactor, Inc. (NASDAQ:FORM) by 3.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,850 shares of the semiconductor company’s stock after purchasing an additional 1,457 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of FormFactor worth $2,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirabella Financial Services LLP bought a new stake in FormFactor during the 3rd quarter valued at $1,085,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of FormFactor in the third quarter valued at about $1,829,000. Alpha DNA Investment Management LLC lifted its stake in FormFactor by 14.4% in the third quarter. Alpha DNA Investment Management LLC now owns 9,684 shares of the semiconductor company’s stock worth $445,000 after acquiring an additional 1,219 shares during the period. Algert Global LLC grew its holdings in FormFactor by 134.4% during the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after acquiring an additional 30,410 shares in the last quarter. Finally, Cerity Partners LLC increased its position in FormFactor by 27.3% during the 3rd quarter. Cerity Partners LLC now owns 20,715 shares of the semiconductor company’s stock valued at $953,000 after purchasing an additional 4,438 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

FormFactor Trading Up 3.0 %

Shares of NASDAQ:FORM opened at $42.27 on Monday. The business’s 50-day moving average is $42.57 and its 200 day moving average is $48.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63. The firm has a market capitalization of $3.27 billion, a P/E ratio of 24.29 and a beta of 1.12.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, TD Cowen reduced their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, FormFactor presently 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.