Olympiad Research LP Takes Position in FormFactor, Inc. (NASDAQ:FORM)

Olympiad Research LP bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the third quarter, Holdings Channel reports. The fund bought 7,184 shares of the semiconductor company’s stock, valued at approximately $330,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in FormFactor during the second quarter valued at $38,000. Redwood Wealth Management Group LLC acquired a new position in FormFactor during the second quarter valued at $43,000. LRI Investments LLC acquired a new position in FormFactor during the first quarter valued at $70,000. Covestor Ltd lifted its position in FormFactor by 3,951.3% during the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,541 shares during the period. Finally, CWM LLC lifted its position in FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 370 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were 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 of the company’s stock, valued at approximately $24,010,897.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

FormFactor Stock Up 1.9 %

FORM stock opened at $42.40 on Friday. FormFactor, Inc. has a 52 week low of $34.07 and a 52 week high of $63.63. The stock has a market capitalization of $3.28 billion, a P/E ratio of 24.37 and a beta of 1.12. 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 firm has a 50-day simple moving average of $44.12 and a 200-day simple moving average of $50.45.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. DA Davidson upped their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Stifel Nicolaus upped their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Finally, Needham & Company LLC decreased their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.38.

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.