Wealth Enhancement Advisory Services LLC Boosts Holdings in FormFactor, Inc. (NASDAQ:FORM)

Wealth Enhancement Advisory Services LLC grew its stake in FormFactor, Inc. (NASDAQ:FORM) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,870 shares of the semiconductor company’s stock after purchasing an additional 972 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FormFactor were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of FormFactor by 5.1% during the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock worth $18,940,000 after purchasing an additional 18,810 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in FormFactor by 7.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company’s stock worth $2,200,000 after purchasing an additional 3,426 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock worth $95,105,000 after buying an additional 73,982 shares in the last quarter. Barclays PLC raised its position in shares of FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock valued at $6,692,000 after buying an additional 113,296 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of FormFactor in the third quarter worth about $550,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC cut FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.00.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by company insiders.

FormFactor Stock Up 0.6 %

Shares of NASDAQ FORM opened at $43.46 on Friday. The company has a market capitalization of $3.37 billion, a P/E ratio of 24.98 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a 50 day simple moving average of $42.77 and a 200-day simple moving average of $46.22. FormFactor, Inc. has a 1 year low of $37.25 and a 1 year high of $63.63.

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.