FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 55.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,401 shares of the semiconductor company’s stock after buying an additional 1,219 shares during the period. US Bancorp DE’s holdings in FormFactor were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FORM. Innealta Capital LLC purchased a new position in FormFactor in the 2nd quarter worth $38,000. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor during the second quarter worth about $43,000. LRI Investments LLC purchased a new stake in FormFactor in the first quarter valued at approximately $70,000. Covestor Ltd increased its holdings in FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after buying an additional 1,541 shares during the period. Finally, CWM LLC raised its position in FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after buying an additional 370 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.

FormFactor Price Performance

NASDAQ:FORM opened at $37.80 on Friday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52 week low of $36.11 and a 52 week high of $63.63. The stock’s 50-day moving average price is $43.55 and its 200-day moving average price is $50.35. The stock has a market capitalization of $2.93 billion, a PE ratio of 21.72 and a beta of 1.12.

Wall Street Analyst Weigh In

Several analysts have commented on FORM shares. TD Cowen dropped 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. Needham & Company LLC lowered their price target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. DA Davidson increased their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.38.

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.