Silver Oak Securities Incorporated acquired a new position in FormFactor, Inc. (NASDAQ:FORM – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,055 shares of the semiconductor company’s stock, valued at approximately $393,000.
Other hedge funds have also recently modified their holdings of the company. Shannon River Fund Management LLC purchased a new position in FormFactor during the 3rd quarter valued at about $35,260,000. SG Americas Securities LLC grew its holdings in FormFactor by 1,158.7% in the fourth quarter. SG Americas Securities LLC now owns 175,432 shares of the semiconductor company’s stock worth $9,786,000 after purchasing an additional 161,494 shares during the period. UBS Group AG increased its stake in shares of FormFactor by 38.8% during the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock valued at $15,808,000 after purchasing an additional 79,240 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new position in shares of FormFactor during the fourth quarter valued at approximately $1,704,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of FormFactor by 206.4% during the fourth 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 last quarter. Institutional investors own 98.76% of the company’s stock.
FormFactor Stock Down 12.1%
FormFactor stock opened at $130.74 on Friday. FormFactor, Inc. has a 12 month low of $26.08 and a 12 month high of $159.09. The stock has a fifty day simple moving average of $135.32 and a two-hundred day simple moving average of $101.68. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 150.28 and a beta of 1.26.
Insider Activity
In other news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the sale, the director owned 7,875 shares of the company’s stock, valued at $995,951.25. This trade represents a 32.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian C. White sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total transaction of $409,500.00. Following the transaction, the director directly owned 8,653 shares of the company’s stock, valued at $1,090,278. The trade was a 27.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 49,828 shares of company stock worth $6,306,587. 0.79% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on FORM. Stifel Nicolaus set a $135.00 price target on FormFactor in a research report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a research report on Monday, April 27th. TD Cowen boosted their target price on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Northland Securities set a $118.00 price target on FormFactor in a report on Thursday, April 30th. Finally, Citigroup lifted their price target on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, FormFactor currently has a consensus rating of “Moderate Buy” and an average price target of $132.45.
Read Our Latest Report on FORM
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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