GSA Capital Partners LLP Boosts Stock Position in FormFactor, Inc. (NASDAQ:FORM)

GSA Capital Partners LLP boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 1,062.8% during the third quarter, Holdings Channel reports. The firm owned 52,629 shares of the semiconductor company’s stock after acquiring an additional 48,103 shares during the quarter. GSA Capital Partners LLP’s holdings in FormFactor were worth $2,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FORM. Bessemer Group Inc. lifted its position in shares of FormFactor by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock worth $11,976,000 after purchasing an additional 17,079 shares during the period. UniSuper Management Pty Ltd purchased a new position in shares of FormFactor during the 1st quarter worth approximately $664,000. Russell Investments Group Ltd. raised its position in shares of FormFactor by 16.2% in the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock worth $5,160,000 after acquiring an additional 15,756 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of FormFactor by 14.6% in the 1st quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company’s stock worth $6,032,000 after acquiring an additional 16,855 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of FormFactor by 90.7% during the second quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock valued at $2,080,000 after purchasing an additional 16,341 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

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

FormFactor Price Performance

Shares of FORM opened at $41.96 on Tuesday. FormFactor, Inc. has a twelve month low of $36.11 and a twelve month high of $63.63. The company has a market capitalization of $3.25 billion, a P/E ratio of 24.11 and a beta of 1.12. The firm has a 50 day moving average of $43.85 and a 200 day moving average of $50.57. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $24,742,321.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

FormFactor Company 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.