FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 348.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,015 shares of the semiconductor company's stock after buying an additional 24,100 shares during the period. Janney Montgomery Scott LLC's holdings in FormFactor were worth $1,427,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in FormFactor during the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC purchased a new stake in FormFactor in the second quarter valued at approximately $43,000. LRI Investments LLC acquired a new position in FormFactor in the 1st quarter worth approximately $70,000. Covestor Ltd raised its position in FormFactor by 3,951.3% during the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,541 shares during the last quarter. Finally, CWM LLC lifted its stake in FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock valued at $110,000 after acquiring an additional 370 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Price Performance

Shares of FormFactor stock traded down $1.89 on Friday, hitting $37.80. The company's stock had a trading volume of 1,058,642 shares, compared to its average volume of 590,252. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.81 and a beta of 1.12. The firm has a fifty day moving average price of $43.63 and a 200-day moving average price of $50.41. 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, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business'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 transaction of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares in the company, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is currently owned by company 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.