Sora Investors LLC Has $9.20 Million Stake in FormFactor, Inc. (NASDAQ:FORM)

Sora Investors LLC raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 48.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the semiconductor company's stock after purchasing an additional 65,000 shares during the period. FormFactor comprises about 1.6% of Sora Investors LLC's portfolio, making the stock its 25th largest holding. Sora Investors LLC owned approximately 0.26% of FormFactor worth $9,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in FormFactor by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company's stock worth $2,349,000 after acquiring an additional 200 shares during the last quarter. Xponance Inc. lifted its holdings in shares of FormFactor by 5.1% in the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company's stock worth $298,000 after purchasing an additional 241 shares during the last quarter. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% during the 3rd 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 period. Arizona State Retirement System grew its stake in FormFactor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company's stock worth $1,315,000 after buying an additional 331 shares during the last quarter. Finally, CWM LLC increased its position in FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after buying an additional 370 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

FormFactor Price Performance

Shares of FORM traded up $0.56 during mid-day trading on Friday, hitting $41.60. The company's stock had a trading volume of 112,253 shares, compared to its average volume of 589,605. FormFactor, Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $63.63. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12. The firm has a 50-day moving average price of $42.65 and a 200 day moving average price of $49.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Analyst Upgrades and Downgrades

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

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.