Dynamic Technology Lab Private Ltd Buys Shares of 39,755 FormFactor, Inc. (NASDAQ:FORM)

Dynamic Technology Lab Private Ltd purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 39,755 shares of the semiconductor company’s stock, valued at approximately $1,829,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares in the last quarter. Innealta Capital LLC acquired a new stake in FormFactor in the 2nd quarter valued at about $38,000. Redwood Wealth Management Group LLC purchased a new position in FormFactor during the 2nd quarter valued at about $43,000. LRI Investments LLC acquired a new position in FormFactor during the first quarter worth about $70,000. Finally, CWM LLC lifted 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 valued at $110,000 after purchasing an additional 370 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of FormFactor stock opened at $41.24 on Tuesday. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.19 billion, a PE ratio of 23.70 and a beta of 1.12. 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 price is $43.19 and its two-hundred day moving average price is $49.79.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now owns 530,276 shares in the company, valued at $24,010,897.28. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Needham & Company LLC decreased their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. TD Cowen lowered their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, DA Davidson raised their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five 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.com, FormFactor currently has an average rating of “Hold” and a consensus target price 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.