Madison Asset Management LLC purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,808 shares of the semiconductor company’s stock, valued at approximately $2,368,000.
Other institutional investors have also modified their holdings of the company. UBS Group AG boosted its position in FormFactor by 38.8% in the 4th quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock worth $15,808,000 after purchasing an additional 79,240 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of FormFactor by 206.4% in the 4th quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after purchasing an additional 293,746 shares during the period. Hanseatic Management Services Inc. purchased a new stake in FormFactor during the first quarter worth $1,334,000. Jackson Creek Investment Advisors LLC purchased a new stake in FormFactor during the fourth quarter worth $1,704,000. Finally, WINTON GROUP Ltd acquired a new stake in FormFactor during the fourth quarter valued at $610,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
FormFactor Stock Performance
Shares of NASDAQ:FORM opened at $115.71 on Friday. 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 business’s 50 day moving average price is $122.89 and its 200-day moving average price is $116.17. The firm has a market capitalization of $9.02 billion, a PE ratio of 79.25 and a beta of 1.25. FormFactor, Inc. has a 1 year low of $27.00 and a 1 year high of $160.27.
Analyst Ratings Changes
A number of research analysts have weighed in on FORM shares. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a report on Tuesday, May 12th. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus set a $135.00 price objective on FormFactor in a report on Thursday, April 30th. Finally, TD Cowen cut their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.
Read Our Latest Stock Report on FORM
Insider Activity
In related news, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the transaction, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, the director directly owned 5,375 shares of the company’s stock, valued at approximately $674,025. This represents a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,020 shares of company stock worth $4,756,017 over the last three months. Insiders own 0.79% of the company’s stock.
About FormFactor
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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