FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC lifted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 160.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,029 shares of the semiconductor company's stock after acquiring an additional 24,019 shares during the period. Verition Fund Management LLC owned 0.05% of FormFactor worth $1,795,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its holdings in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 309 shares during the period. Innealta Capital LLC purchased a new position in FormFactor during the second quarter worth $38,000. Redwood Wealth Management Group LLC bought a new position in FormFactor during the second quarter valued at $43,000. CWM LLC raised its stake in shares of FormFactor by 25.5% in the second 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. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of FormFactor during the 2nd quarter worth about $204,000. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred 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 of the company's stock, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Needham & Company LLC decreased their price target on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $55.38.

FormFactor Stock Up 3.0 %

Shares of FORM traded up $1.23 during midday trading on Friday, reaching $42.27. 386,959 shares of the stock were exchanged, compared to its average volume of 590,811. The company has a market capitalization of $3.27 billion, a P/E ratio of 23.90 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52 week low of $36.11 and a 52 week high of $63.63. The company's 50 day moving average is $42.65 and its two-hundred day moving average is $49.07.

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.