Fisher Asset Management LLC increased its holdings in FormFactor, Inc. (NASDAQ:FORM – Free Report) by 206.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 436,045 shares of the semiconductor company’s stock after acquiring an additional 293,746 shares during the period. Fisher Asset Management LLC’s holdings in FormFactor were worth $24,323,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. State of Wyoming lifted its stake in FormFactor by 18.4% in the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 261 shares in the last quarter. Arizona State Retirement System lifted its stake in FormFactor by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 22,796 shares of the semiconductor company’s stock worth $830,000 after acquiring an additional 335 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in FormFactor by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock worth $897,000 after acquiring an additional 370 shares in the last quarter. Clearstead Advisors LLC lifted its stake in FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 389 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in FormFactor by 2.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,767 shares of the semiconductor company’s stock worth $991,000 after acquiring an additional 408 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
FormFactor Stock Performance
Shares of FormFactor stock opened at $136.48 on Wednesday. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 156.88 and a beta of 1.32. The stock’s 50-day moving average is $122.36 and its 200-day moving average is $88.88. FormFactor, Inc. has a one year low of $26.08 and a one year high of $159.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.
Analysts Set New Price Targets
FORM has been the topic of several research reports. Freedom Capital raised FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Citigroup upped their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $135.00 price objective on FormFactor in a report on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 target price on shares of FormFactor in a research note on Monday, April 27th. Finally, Wall Street Zen raised FormFactor from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor has a consensus rating of “Hold” and a consensus target price of $132.45.
Read Our Latest Stock Report on FORM
Insider Buying and Selling at FormFactor
In related news, CEO Mike Slessor sold 9,438 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $126.52, for a total transaction of $1,194,095.76. Following the sale, the chief executive officer owned 447,037 shares in the company, valued at approximately $56,559,121.24. This represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $126.47, for a total value of $484,127.16. Following the sale, the director owned 7,875 shares in the company, valued at $995,951.25. The trade was a 32.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,499 shares of company stock valued at $4,932,166 in the last ninety days. Insiders own 0.79% of the company’s stock.
FormFactor Profile
FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.
FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.
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