FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 39.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 19,710 shares of the semiconductor company’s stock after acquiring an additional 5,601 shares during the quarter. Point72 DIFC Ltd’s holdings in FormFactor were worth $907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Advisors Asset Management Inc. raised its stake in shares of FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of FormFactor during the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor in the 2nd quarter worth approximately $43,000. CWM LLC lifted its stake in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 370 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of FormFactor by 49.6% during the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 1,123 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FORM shares. TD Cowen cut their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, 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. 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 company has a consensus rating of “Hold” and an average price target of $55.38.

FormFactor Trading Down 3.3 %

Shares of NASDAQ FORM opened at $41.04 on Friday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $36.11 and a 12 month high of $63.63. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 23.59 and a beta of 1.12. The business has a fifty day simple moving average of $42.77 and a 200-day simple moving average of $49.13.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the transaction, the chief executive officer now directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

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.