Jennison Associates LLC Invests $783,000 in FormFactor, Inc. (NASDAQ:FORM)

Jennison Associates LLC acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,025 shares of the semiconductor company's stock, valued at approximately $783,000.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of FormFactor in the second quarter valued at about $38,000. Redwood Wealth Management Group LLC bought a new position in FormFactor in the 2nd quarter worth approximately $43,000. LRI Investments LLC bought a new position in FormFactor in the 1st quarter worth approximately $70,000. CWM LLC grew its holdings 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 buying an additional 370 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company's stock valued at $137,000 after buying an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

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

FormFactor Trading Up 1.3 %

NASDAQ:FORM traded up $0.55 during midday trading on Friday, hitting $41.33. The stock had a trading volume of 501,223 shares, compared to its average volume of 810,795. 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 stock has a 50-day moving average of $43.21 and a 200 day moving average of $49.90. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.75 and a beta of 1.12. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction 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 owns 530,276 shares in the company, valued at $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.