Strs Ohio increased its holdings in FormFactor, Inc. (NASDAQ:FORM – Free Report) by 63.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,100 shares of the semiconductor company’s stock after buying an additional 7,400 shares during the period. Strs Ohio’s holdings in FormFactor were worth $1,853,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of FORM. Mercer Global Advisors Inc. ADV lifted its holdings in FormFactor by 2.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 157 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of FormFactor by 1.9% during the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 196 shares during the last quarter. UMB Bank n.a. raised its position in shares of FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the period. Maryland State Retirement & Pension System raised its position in shares of FormFactor by 2.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 299 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of FormFactor by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock worth $897,000 after purchasing an additional 370 shares during the period. Institutional investors own 98.76% of the company’s stock.
FormFactor Price Performance
Shares of NASDAQ:FORM traded down $12.41 on Tuesday, reaching $106.26. 311,794 shares of the company traded hands, compared to its average volume of 1,746,286. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. FormFactor, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $160.27. The stock has a market capitalization of $8.28 billion, a PE ratio of 123.35 and a beta of 1.22. The company’s 50 day moving average is $134.75 and its 200-day moving average is $105.32.
Analyst Upgrades and Downgrades
FORM has been the subject of a number of analyst reports. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, June 11th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research note on Tuesday, May 12th. Citigroup raised their price target on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. Finally, TD Cowen lifted their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.45.
View Our Latest Report on FORM
Insider Transactions at FormFactor
In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’s stock in a transaction on 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 directly owned 7,875 shares in the company, valued at approximately $995,951.25. This trade represents a 32.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 49,828 shares of company stock worth $6,306,587. 0.79% of the stock is currently owned by insiders.
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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