Mirabella Financial Services LLP Takes $1.09 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Mirabella Financial Services LLP acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,554 shares of the semiconductor company's stock, valued at approximately $1,085,000.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in FormFactor by 91.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock valued at $77,636,000 after purchasing an additional 612,838 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of FormFactor by 876.0% during the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company's stock valued at $14,876,000 after buying an additional 290,254 shares during the period. Driehaus Capital Management LLC purchased a new stake in FormFactor in the 2nd quarter worth approximately $15,893,000. Renaissance Technologies LLC acquired a new position in FormFactor in the 2nd quarter valued at $13,938,000. Finally, Vanguard Group Inc. lifted its stake in shares of FormFactor by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company's stock worth $439,074,000 after purchasing an additional 154,361 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Down 0.2 %

Shares of FORM stock traded down $0.09 during mid-day trading on Monday, reaching $41.24. 764,049 shares of the company were exchanged, compared to its average volume of 591,245. The company has a market capitalization of $3.19 billion, a P/E ratio of 23.70 and a beta of 1.12. The business's 50 day simple moving average is $43.19 and its 200 day simple moving average is $49.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor, Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $63.63.

Wall Street Analyst Weigh In

FORM has been the topic of a number of research analyst reports. TD Cowen decreased their price target on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. DA Davidson lifted their price objective on FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC cut their price objective on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.38.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares in the company, valued at $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is owned by company insiders.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.