MQS Management LLC Grows Stake in FormFactor, Inc. (NASDAQ:FORM)

MQS Management LLC increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 33.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,812 shares of the semiconductor company’s stock after purchasing an additional 1,205 shares during the quarter. MQS Management LLC’s holdings in FormFactor were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FORM. Janney Montgomery Scott LLC grew its position in shares of FormFactor by 19.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 1,151 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of FormFactor during the first quarter worth about $123,000. Swiss National Bank grew its position in shares of FormFactor by 0.4% during the first quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock worth $7,009,000 after purchasing an additional 600 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in FormFactor by 16.2% during the first quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock valued at $5,160,000 after buying an additional 15,756 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in FormFactor by 7.4% during the first quarter. ProShare Advisors LLC now owns 15,574 shares of the semiconductor company’s stock valued at $711,000 after buying an additional 1,069 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.96% of the company’s stock.

FormFactor Price Performance

NASDAQ:FORM opened at $37.80 on Friday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 21.72 and a beta of 1.12. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63. The business has a 50 day simple moving average of $43.55 and a 200-day simple moving average of $50.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Analysts Set New Price Targets

FORM has been the subject of a number of research reports. Needham & Company LLC dropped 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. DA Davidson increased their price target on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, TD Cowen dropped their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.38.

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.