The Manufacturers Life Insurance Company Grows Holdings in FormFactor, Inc. (NASDAQ:FORM)

The Manufacturers Life Insurance Company lifted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,850 shares of the semiconductor company’s stock after acquiring an additional 1,457 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in FormFactor were worth $2,063,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in 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 during the period. New York State Common Retirement Fund increased its holdings 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 worth $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 second quarter worth $15,893,000. Renaissance Technologies LLC purchased a new position in FormFactor during the second quarter valued at $13,938,000. Finally, TimesSquare Capital Management LLC lifted its holdings in FormFactor by 29.6% during the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock valued at $26,988,000 after purchasing an additional 134,170 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Price Performance

FORM stock opened at $42.27 on Monday. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63. 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 firm has a market capitalization of $3.27 billion, a PE ratio of 24.29 and a beta of 1.12. The business has a 50 day simple moving average of $42.57 and a 200-day simple moving average of $48.82.

Wall Street Analyst Weigh In

FORM has been the subject of several research analyst reports. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Needham & Company LLC reduced their target price 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 target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.38.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

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.