FormFactor, Inc. (NASDAQ:FORM) Stock Position Raised by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC increased its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 14.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,684 shares of the semiconductor company’s stock after acquiring an additional 1,219 shares during the period. Alpha DNA Investment Management LLC’s holdings in FormFactor were worth $445,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in shares of FormFactor by 90.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock valued at $2,080,000 after acquiring an additional 16,341 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of FormFactor by 14.6% during the 1st quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company’s stock valued at $6,032,000 after acquiring an additional 16,855 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor during the 2nd quarter valued at about $1,811,000. New York State Common Retirement Fund increased its holdings in shares of FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock valued at $14,876,000 after acquiring an additional 290,254 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of FormFactor during the 2nd quarter valued at about $15,893,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Price Performance

FormFactor stock opened at $41.33 on Monday. 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 capitalization of $3.20 billion, a PE ratio of 23.75 and a beta of 1.12. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63. The business has a 50 day simple moving average of $43.21 and a 200 day simple moving average of $49.90.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now owns 534,276 shares in the company, valued at approximately $24,742,321.56. The trade was a 0.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FORM has been the topic of a number of analyst reports. DA Davidson increased their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Cowen lowered their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC lowered their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com lowered 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 issued a buy rating to the company. According to data from MarketBeat, the company presently 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.