Bessemer Group Inc. reduced its stake in FormFactor, Inc. (NASDAQ:FORM – Free Report) by 21.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 562,042 shares of the semiconductor company’s stock after selling 152,039 shares during the quarter. Bessemer Group Inc.’s holdings in FormFactor were worth $31,351,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its holdings 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 purchasing an additional 408 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in FormFactor in the 4th quarter worth approximately $279,000. Pier Capital LLC bought a new position in FormFactor in the 4th quarter worth approximately $4,814,000. Strs Ohio increased its position in FormFactor by 192.5% in the 4th quarter. Strs Ohio now owns 11,700 shares of the semiconductor company’s stock worth $653,000 after buying an additional 7,700 shares during the period. Finally, Keybank National Association OH bought a new position in FormFactor in the 4th quarter worth approximately $439,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
FormFactor Price Performance
FormFactor stock opened at $126.27 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The firm has a market cap of $9.84 billion, a P/E ratio of 145.14 and a beta of 1.32. The business’s fifty day moving average is $117.15 and its two-hundred day moving average is $84.97. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $159.09.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. TD Cowen lifted their price target on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen raised FormFactor from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 price target on shares of FormFactor in a research report on Monday, April 27th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $132.45.
Check Out Our Latest Report on FormFactor
Insider Transactions at FormFactor
In other news, CFO Aric Brendan Mckinnis sold 3,462 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $90.42, for a total transaction of $313,034.04. Following the sale, the chief financial officer owned 11,140 shares of the company’s stock, valued at $1,007,278.80. This trade represents a 23.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian C. White sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $100.01, for a total value of $230,023.00. Following the sale, the director directly owned 10,556 shares in the company, valued at approximately $1,055,705.56. This represents a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 45,385 shares of company stock valued at $4,968,350 over the last 90 days. 0.79% of the stock is owned by company insiders.
FormFactor Company 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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