Algert Global LLC Purchases 30,410 Shares of FormFactor, Inc. (NASDAQ:FORM)

Algert Global LLC increased its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 134.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,037 shares of the semiconductor company's stock after purchasing an additional 30,410 shares during the quarter. Algert Global LLC owned approximately 0.07% of FormFactor worth $2,440,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in FormFactor by 29.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,998 shares of the semiconductor company's stock valued at $365,000 after acquiring an additional 1,811 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of FormFactor by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 515,877 shares of the semiconductor company's stock valued at $23,541,000 after buying an additional 2,623 shares in the last quarter. Bayesian Capital Management LP bought a new position in FormFactor in the 1st quarter worth approximately $232,000. Castleark Management LLC grew its stake in FormFactor by 1.2% in the 1st quarter. Castleark Management LLC now owns 86,870 shares of the semiconductor company's stock valued at $3,964,000 after buying an additional 1,050 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in FormFactor in the 1st quarter valued at approximately $70,000. Institutional investors own 98.76% of the company's stock.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at $24,010,897.28. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Trading Down 1.3 %

Shares of FormFactor stock traded down $0.51 during trading on Wednesday, reaching $39.31. 708,050 shares of the stock were exchanged, compared to its average volume of 592,052. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 22.33 and a beta of 1.12. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63. The stock's fifty day moving average is $43.13 and its 200 day moving average is $49.68.

Analyst Upgrades and Downgrades

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

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.