Janney Montgomery Scott LLC Has $1.43 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Janney Montgomery Scott LLC lifted its holdings in FormFactor, Inc. (NASDAQ:FORM) by 348.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,015 shares of the semiconductor company’s stock after purchasing an additional 24,100 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FormFactor were worth $1,427,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FORM. Bank of New York Mellon Corp lifted its holdings in shares of FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after purchasing an additional 612,838 shares in the last quarter. New York State Common Retirement Fund lifted its stake in FormFactor by 876.0% in the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock valued at $14,876,000 after acquiring an additional 290,254 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in FormFactor during the 2nd quarter worth approximately $15,893,000. Renaissance Technologies LLC bought a new position in shares of FormFactor during the 2nd quarter worth approximately $13,938,000. Finally, Vanguard Group Inc. raised its holdings in shares of FormFactor by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock valued at $439,074,000 after purchasing an additional 154,361 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen decreased their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Needham & Company LLC dropped their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, DA Davidson increased their price target on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently 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 on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

FormFactor Stock Down 0.8 %

FORM stock opened at $39.69 on Friday. The business’s 50 day simple moving average is $43.63 and its 200 day simple moving average is $50.41. 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 $3.07 billion, a PE ratio of 22.81 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

FormFactor Company 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.