Fmr LLC Has $5.36 Million Stake in FormFactor, Inc. (NASDAQ:FORM)

Fmr LLC lifted its stake in FormFactor, Inc. (NASDAQ:FORM) by 1,255.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,426 shares of the semiconductor company’s stock after acquiring an additional 107,837 shares during the quarter. Fmr LLC’s holdings in FormFactor were worth $5,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FORM. Bank of New York Mellon Corp increased its stake 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 worth $77,636,000 after purchasing an additional 612,838 shares during the period. New York State Common Retirement Fund raised its stake in shares of FormFactor by 876.0% in the third 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 during the last quarter. Driehaus Capital Management LLC bought a new stake in FormFactor during the 2nd quarter worth about $15,893,000. Renaissance Technologies LLC bought a new position in FormFactor in the 2nd quarter worth approximately $13,938,000. Finally, TimesSquare Capital Management LLC boosted its holdings in FormFactor by 29.6% in the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock valued at $26,988,000 after acquiring an additional 134,170 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were 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 of the company’s stock, valued at $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

FormFactor Stock Performance

FormFactor stock opened at $42.77 on Friday. The stock has a market cap 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 fifty-two week low of $37.21 and a fifty-two week high of $63.63. The firm’s fifty day moving average price is $42.40 and its 200-day moving average price is $48.52.

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.