FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 59.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,363 shares of the semiconductor company's stock after buying an additional 112,537 shares during the period. Eagle Asset Management Inc. owned approximately 0.39% of FormFactor worth $12,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of FORM. SG Americas Securities LLC purchased a new stake in shares of FormFactor in the first quarter worth about $123,000. Vanguard Group Inc. increased its stake in FormFactor by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company's stock worth $439,074,000 after acquiring an additional 154,361 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in FormFactor by 29.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,998 shares of the semiconductor company's stock worth $365,000 after acquiring an additional 1,811 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of FormFactor by 4.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 86,555 shares of the semiconductor company's stock worth $3,948,000 after buying an additional 3,664 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of FormFactor during the first quarter worth $70,000. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Price Performance

FORM stock traded up $0.55 on Friday, reaching $41.33. The company had a trading volume of 501,223 shares, compared to its average volume of 810,795. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The company's fifty day moving average is $43.21 and its 200 day moving average is $49.95. The company has a market cap of $3.20 billion, a P/E ratio of 23.75 and a beta of 1.12.

Analyst Ratings Changes

FORM has been the subject of a number of recent research reports. Needham & Company LLC decreased their target price on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, October 31st. DA Davidson lifted their price target on FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Finally, TD Cowen decreased their price target on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.38.

Insider Activity at FormFactor

In related 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 value of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

FormFactor Company 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.