Parallel Advisors LLC increased its position in FormFactor, Inc. (NASDAQ:FORM – Free Report) by 1,077.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,381 shares of the semiconductor company’s stock after purchasing an additional 5,839 shares during the period. Parallel Advisors LLC’s holdings in FormFactor were worth $619,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA purchased a new position in FormFactor in the first quarter worth about $322,000. Cim Investment Management Inc. grew its holdings in shares of FormFactor by 10.8% during the first quarter. Cim Investment Management Inc. now owns 5,071 shares of the semiconductor company’s stock valued at $492,000 after buying an additional 493 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of FormFactor during the first quarter valued at approximately $4,450,000. Janus Henderson Group PLC increased its position in shares of FormFactor by 8.2% during the first quarter. Janus Henderson Group PLC now owns 35,569 shares of the semiconductor company’s stock valued at $3,450,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Amundi raised its holdings in FormFactor by 9.1% in the 1st quarter. Amundi now owns 8,126 shares of the semiconductor company’s stock worth $788,000 after acquiring an additional 679 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
FormFactor Stock Performance
Shares of FORM stock opened at $117.39 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 80.40 and a beta of 1.25. FormFactor, Inc. has a 1 year low of $27.00 and a 1 year high of $160.27. The firm has a fifty day moving average price of $122.52 and a 200-day moving average price of $113.09.
Insiders Place Their Bets
In other news, Director Dennis Thomas St sold 2,800 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the sale, the director directly owned 29,073 shares in the company, valued at $4,404,268.77. This trade represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike Slessor sold 11,890 shares of FormFactor stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the transaction, the chief executive officer owned 435,147 shares in the company, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 38,534 shares of company stock valued at $4,864,118. Insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on FORM shares. Stifel Nicolaus set a $135.00 target price on FormFactor in a research note on Thursday, April 30th. Northland Securities set a $118.00 price objective on FormFactor in a report on Thursday, April 30th. TD Cowen decreased their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Zacks Research cut shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.
View Our Latest Stock Analysis on FORM
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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