Y Intercept Hong Kong Ltd Acquires New Holdings in FormFactor, Inc. (NASDAQ:FORM)

Y Intercept Hong Kong Ltd purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,962 shares of the semiconductor company's stock, valued at approximately $550,000.

Other large investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in shares of 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. Assenagon Asset Management S.A. purchased a new position in FormFactor in the 2nd quarter worth approximately $6,871,000. Neo Ivy Capital Management bought a new stake in FormFactor in the second quarter valued at approximately $2,169,000. Louisiana State Employees Retirement System boosted its stake in shares of FormFactor by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company's stock valued at $2,349,000 after purchasing an additional 200 shares during the period. Finally, LRI Investments LLC grew its holdings in shares of FormFactor by 161.2% in the second quarter. LRI Investments LLC now owns 3,996 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 2,466 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. TD Cowen lowered their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Needham & Company LLC lowered their price objective 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. Finally, StockNews.com lowered shares of FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $55.38.

FormFactor Trading Up 4.0 %

FORM stock traded up $1.69 during trading on Monday, reaching $44.19. The company had a trading volume of 571,782 shares, compared to its average volume of 591,543. The business has a 50 day moving average of $42.28 and a 200 day moving average of $48.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market cap of $3.42 billion, a P/E ratio of 25.40 and a beta of 1.12. FormFactor, Inc. has a 52 week low of $37.21 and a 52 week high of $63.63.

About FormFactor

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.