Assenagon Asset Management S.A. Buys 96,784 Shares of FormFactor, Inc. (NASDAQ:FORM)

Assenagon Asset Management S.A. lifted its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 85.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 210,304 shares of the semiconductor company's stock after acquiring an additional 96,784 shares during the period. Assenagon Asset Management S.A. owned 0.27% of FormFactor worth $9,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in FormFactor by 10.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 134,389 shares of the semiconductor company's stock valued at $6,182,000 after acquiring an additional 12,408 shares during the period. OmniStar Financial Group Inc. bought a new stake in FormFactor in the 3rd quarter valued at $379,000. AlphaMark Advisors LLC acquired a new stake in FormFactor in the 3rd quarter worth $333,000. Creative Planning increased its holdings in shares of FormFactor by 45.9% during the 3rd quarter. Creative Planning now owns 14,884 shares of the semiconductor company's stock worth $685,000 after purchasing an additional 4,684 shares during the period. Finally, Inspire Investing LLC raised its holdings in FormFactor by 56.7% in the 3rd quarter. Inspire Investing LLC now owns 8,966 shares of the semiconductor company's stock valued at $412,000 after acquiring an additional 3,243 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the transaction, the chief executive officer now directly owns 523,187 shares in the company, valued at approximately $26,645,913.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the sale, the chief executive officer now directly owns 523,187 shares of the company's stock, valued at approximately $26,645,913.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now directly owns 12,970 shares in the company, valued at $543,961.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,770 shares of company stock worth $854,014 in the last 90 days. Corporate insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FORM. Stifel Nicolaus upped their target price on FormFactor from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Tuesday, July 16th. TD Cowen raised their price objective on shares of FormFactor from $48.00 to $60.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. DA Davidson lifted their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price target on shares of FormFactor in a research report on Thursday, August 1st. Finally, StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, FormFactor currently has an average rating of "Hold" and an average target price of $59.63.

FormFactor Price Performance

FormFactor stock traded down $0.72 during trading hours on Monday, hitting $44.07. 523,693 shares of the stock were exchanged, compared to its average volume of 568,078. FormFactor, Inc. has a 12 month low of $32.06 and a 12 month high of $63.63. The business's 50-day moving average is $45.54 and its two-hundred day moving average is $50.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. The stock has a market capitalization of $3.40 billion, a P/E ratio of 33.39 and a beta of 1.11.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. The business had revenue of $197.47 million for the quarter, compared to analyst estimates of $195.01 million. Equities research analysts expect that FormFactor, Inc. will post 0.74 EPS for the current fiscal year.

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.