Aviva PLC Reduces Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Aviva PLC trimmed its position in FormFactor, Inc. (NASDAQ:FORM – Get Rating) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,401 shares of the semiconductor company’s stock after selling 12,217 shares during the quarter. Aviva PLC owned approximately 0.06% of FormFactor worth $965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in FORM. Reinhart Partners Inc. bought a new stake in shares of FormFactor in the 4th quarter valued at approximately $12,101,000. Pacer Advisors Inc. bought a new stake in shares of FormFactor in the 4th quarter valued at approximately $6,899,000. Two Sigma Investments LP increased its holdings in shares of FormFactor by 3,355.0% in the 3rd quarter. Two Sigma Investments LP now owns 259,261 shares of the semiconductor company’s stock valued at $6,494,000 after acquiring an additional 251,757 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of FormFactor by 2,953.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 228,310 shares of the semiconductor company’s stock valued at $5,719,000 after acquiring an additional 220,834 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of FormFactor by 72.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 496,635 shares of the semiconductor company’s stock valued at $11,040,000 after acquiring an additional 209,316 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Transactions at FormFactor

In other news, CFO Shai Shahar sold 4,759 shares of the business’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $29.68, for a total value of $141,247.12. Following the sale, the chief financial officer now owns 72,900 shares of the company’s stock, valued at approximately $2,163,672. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.03% of the company’s stock.

FormFactor Trading Down 1.0 %

Shares of FORM stock opened at $30.56 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.84 and a current ratio of 3.75. FormFactor, Inc. has a 1 year low of $18.15 and a 1 year high of $42.24. The stock has a fifty day moving average of $29.06 and a two-hundred day moving average of $26.72. The firm has a market capitalization of $2.36 billion, a PE ratio of 109.15 and a beta of 1.24.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson lowered their price target on FormFactor from $36.00 to $32.00 in a report on Thursday, May 4th. Northland Securities reduced their price objective on FormFactor from $35.00 to $32.00 in a research report on Thursday, May 4th. Citigroup lowered FormFactor from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $25.00 to $33.00 in a research report on Monday, April 3rd. Needham & Company LLC boosted their price objective on FormFactor from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Finally, Cowen boosted their price objective on FormFactor from $25.00 to $32.00 and gave the company a “market perform” rating in a research report on Thursday, February 9th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.22.

FormFactor Company Profile

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FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following business segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment consists of analytical probe solutions for on-wafer probing, board tests, and package tests.