FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 388,744 shares of the semiconductor company's stock after acquiring an additional 18,810 shares during the quarter. Franklin Resources Inc. owned approximately 0.50% of FormFactor worth $18,940,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of FormFactor in the 2nd quarter valued at $38,000. Quarry LP raised its stake in FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 523 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in FormFactor in the second quarter valued at $43,000. Finally, CWM LLC boosted its stake in FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company's stock valued at $132,000 after acquiring an additional 1,044 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FORM shares. StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Needham & Company LLC cut their target price on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, TD Cowen reduced their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, FormFactor has an average rating of "Hold" and an average target price of $55.38.

FormFactor Trading Up 1.0 %

Shares of FORM traded up $0.44 during mid-day trading on Friday, reaching $42.88. The company had a trading volume of 2,940,390 shares, compared to its average volume of 615,899. FormFactor, Inc. has a fifty-two week low of $37.21 and a fifty-two week high of $63.63. The firm has a fifty day simple moving average of $42.09 and a 200-day simple moving average of $48.05. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 24.64 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares of the company's stock, valued at $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company's stock.

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.