Creative Planning Raises Stake in FormFactor, Inc. (NASDAQ:FORM)

Creative Planning increased its stake in FormFactor, Inc. (NASDAQ:FORM) by 45.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 14,884 shares of the semiconductor company’s stock after buying an additional 4,684 shares during the quarter. Creative Planning’s holdings in FormFactor were worth $685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in shares of FormFactor in the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC purchased a new position in shares of FormFactor in the 2nd quarter worth about $43,000. LRI Investments LLC purchased a new position in shares of FormFactor in the 1st quarter worth about $70,000. Covestor Ltd lifted its holdings in FormFactor by 3,951.3% during the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,541 shares during the last quarter. Finally, CWM LLC lifted its holdings in FormFactor by 25.5% during 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 during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the transaction, the chief executive officer now directly owns 530,276 shares in the company, valued at $24,010,897.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the transaction, the director now owns 12,970 shares in the company, valued at $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,770 shares of company stock worth $650,294. Insiders own 0.96% of the company’s stock.

FormFactor Trading Up 2.0 %

Shares of FORM opened at $38.75 on Monday. The business’s 50-day moving average price is $44.84 and its 200-day moving average price is $50.55. FormFactor, Inc. has a twelve month low of $32.16 and a twelve month high of $63.63. The stock has a market cap of $3.00 billion, a PE ratio of 22.27 and a beta of 1.12. The company has a quick ratio of 3.64, a current ratio of 4.76 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen dropped their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday. DA Davidson upped their price objective on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Needham & Company LLC dropped their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Stifel Nicolaus upped their price objective on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.38.

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.