Assenagon Asset Management S.A. Increases Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Assenagon Asset Management S.A. raised its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,916 shares of the semiconductor company's stock after purchasing an additional 40,612 shares during the quarter. Assenagon Asset Management S.A. owned about 0.32% of FormFactor worth $11,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of FormFactor by 1.4% during the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company's stock valued at $134,019,000 after buying an additional 39,784 shares during the last quarter. Geode Capital Management LLC lifted its holdings in FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock worth $95,105,000 after acquiring an additional 73,982 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in FormFactor by 8.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company's stock valued at $48,928,000 after purchasing an additional 79,191 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of FormFactor by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company's stock worth $40,761,000 after acquiring an additional 32,889 shares during the last quarter. Finally, Needham Investment Management LLC increased its stake in shares of FormFactor by 8.6% in the third quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company's stock valued at $28,520,000 after purchasing an additional 49,000 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and raised their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC downgraded FormFactor from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, TD Cowen decreased their target price on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $56.00.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.96% of the company's stock.

FormFactor Trading Up 0.6 %

Shares of FORM traded up $0.24 during mid-day trading on Friday, reaching $43.46. 430,127 shares of the company were exchanged, compared to its average volume of 972,146. The business has a 50 day simple moving average of $42.77 and a two-hundred day simple moving average of $46.12. FormFactor, Inc. has a 52 week low of $37.25 and a 52 week high of $63.63. The stock has a market capitalization of $3.37 billion, a PE ratio of 24.98 and a beta of 1.08. 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 Profile

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.