US Bancorp DE Purchases 1,219 Shares of FormFactor, Inc. (NASDAQ:FORM)

US Bancorp DE lifted its holdings in FormFactor, Inc. (NASDAQ:FORM) by 55.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,401 shares of the semiconductor company’s stock after purchasing an additional 1,219 shares during the quarter. US Bancorp DE’s holdings in FormFactor were worth $156,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in FormFactor by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after acquiring an additional 200 shares during the last quarter. Xponance Inc. raised its position in FormFactor by 5.1% in the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 241 shares during the period. Arizona State Retirement System raised its position in FormFactor by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 331 shares during the period. CWM LLC lifted its stake in 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 purchasing an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 406 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the sale, the chief executive officer now directly owns 534,276 shares in the company, valued at approximately $24,742,321.56. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

FormFactor Trading Down 4.8 %

NASDAQ FORM opened at $37.80 on Friday. FormFactor, Inc. has a one year low of $36.11 and a one 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. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 21.72 and a beta of 1.12. The company’s 50-day simple moving average is $43.55 and its two-hundred day simple moving average is $50.35.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Needham & Company LLC decreased their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. DA Davidson boosted their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Cowen reduced their price target 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 report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.38.

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.