Geode Capital Management LLC raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,067,174 shares of the semiconductor company's stock after purchasing an additional 73,982 shares during the period. Geode Capital Management LLC owned 2.67% of FormFactor worth $95,105,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in shares of FormFactor by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company's stock valued at $2,349,000 after buying an additional 200 shares in the last quarter. Xponance Inc. increased its stake in shares of FormFactor by 5.1% during the second quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company's stock valued at $298,000 after purchasing an additional 241 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of FormFactor by 99.4% during 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 during the last quarter. Arizona State Retirement System boosted its position in shares of FormFactor by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company's stock worth $1,315,000 after purchasing an additional 331 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of FormFactor by 7.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company's stock worth $276,000 after buying an additional 415 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.
FormFactor Price Performance
NASDAQ:FORM traded up $0.44 during trading hours on Friday, hitting $42.88. 2,940,390 shares of the stock traded hands, compared to its average volume of 615,899. The stock has a 50 day moving average price of $42.09 and a 200 day moving average price of $48.05. 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 company has a market cap of $3.32 billion, a price-to-earnings ratio of 24.64 and a beta of 1.12. FormFactor, Inc. has a 1 year low of $37.21 and a 1 year high of $63.63.
Insider Activity at FormFactor
In related news, CEO Mike Slessor sold 4,000 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Needham & Company LLC cut their target price on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. TD Cowen reduced their price objective on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. 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.com, FormFactor presently has a consensus rating of "Hold" and an average target price of $55.38.
Check Out Our Latest Analysis on FormFactor
About FormFactor
(
Free Report)
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.
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