Redmond Asset Management LLC lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,478 shares of the semiconductor company’s stock after purchasing an additional 1,000 shares during the period. Redmond Asset Management LLC’s holdings in FormFactor were worth $493,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in FORM. Dimensional Fund Advisors LP boosted its position in shares of FormFactor by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,416,256 shares of the semiconductor company’s stock worth $76,315,000 after acquiring an additional 128,782 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of FormFactor by 0.9% in the 4th quarter. Legal & General Group Plc now owns 158,114 shares of the semiconductor company’s stock valued at $2,223,000 after purchasing an additional 1,398 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of FormFactor by 6.7% in the 4th quarter. Amalgamated Bank now owns 10,877 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 681 shares during the last quarter. Norges Bank purchased a new stake in shares of FormFactor in the 4th quarter valued at about $13,721,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of FormFactor by 296.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 17,072 shares of the semiconductor company’s stock valued at $275,000 after purchasing an additional 12,768 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.
FORM traded down $0.03 on Thursday, hitting $16.74. 3,641 shares of the company traded hands, compared to its average volume of 287,633. The stock’s 50 day moving average is $16.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.57. The firm has a market cap of $1.26 billion, a PE ratio of 21.71 and a beta of 1.69. FormFactor, Inc. has a 12-month low of $11.38 and a 12-month high of $19.90.
Several analysts have recently weighed in on the company. BidaskClub raised FormFactor from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Zacks Investment Research downgraded FormFactor from a “hold” rating to a “sell” rating and set a $19.00 target price for the company. in a report on Monday, August 5th. Stifel Nicolaus boosted their target price on FormFactor from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Northland Securities downgraded FormFactor from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $16.50 to $18.00 in a report on Thursday, May 2nd. Finally, Needham & Company LLC assumed coverage on FormFactor in a report on Monday, June 10th. They issued a “buy” rating and a $19.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.71.
In other FormFactor news, Director Raymond A. Link sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $15.39, for a total transaction of $76,950.00. Following the completion of the sale, the director now directly owns 56,602 shares of the company’s stock, valued at approximately $871,104.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raymond A. Link sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $15.58, for a total value of $62,320.00. Following the sale, the director now directly owns 49,602 shares of the company’s stock, valued at $772,799.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,200 shares of company stock valued at $158,074. 1.88% of the stock is owned by company insiders.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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