FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in FormFactor, Inc. (NASDAQ:FORM) by 1,255.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,426 shares of the semiconductor company’s stock after acquiring an additional 107,837 shares during the quarter. Fmr LLC owned approximately 0.15% of FormFactor worth $5,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. grew its position in shares of 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 purchasing an additional 309 shares during the period. Innealta Capital LLC acquired a new position in shares of FormFactor during the second quarter valued at approximately $38,000. Redwood Wealth Management Group LLC purchased a new position in shares of FormFactor in the second quarter valued at approximately $43,000. CWM LLC boosted its stake in shares of FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 370 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of FormFactor during the second quarter worth approximately $204,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of FORM opened at $42.77 on Friday. The stock has a market capitalization of $3.31 billion, a P/E ratio of 24.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor, Inc. has a 1 year low of $37.21 and a 1 year high of $63.63. The company’s fifty day moving average is $42.40 and its two-hundred day moving average is $48.52.

Analyst Upgrades and Downgrades

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

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the sale, the chief executive officer now owns 526,531 shares in the company, valued at $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.