Ensign Peak Advisors Inc Sells 7,800 Shares of FormFactor, Inc. $FORM

Ensign Peak Advisors Inc lessened its stake in FormFactor, Inc. (NASDAQ:FORM) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,225 shares of the semiconductor company’s stock after selling 7,800 shares during the period. Ensign Peak Advisors Inc’s holdings in FormFactor were worth $799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in FormFactor by 282.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 547 shares during the period. AlphaQuest LLC lifted its stake in shares of FormFactor by 96,900.0% in the 1st quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 969 shares during the period. Headlands Technologies LLC purchased a new position in shares of FormFactor in the first quarter worth approximately $42,000. CWM LLC grew its position in FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 382 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in FormFactor by 27.4% during the second quarter. Nisa Investment Advisors LLC now owns 2,866 shares of the semiconductor company’s stock valued at $99,000 after buying an additional 617 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Price Performance

NASDAQ:FORM opened at $55.02 on Friday. The business’s 50-day moving average is $45.61 and its 200 day moving average is $36.82. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $61.10. The company has a market capitalization of $4.26 billion, a P/E ratio of 105.81 and a beta of 1.37. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Northland Securities set a $44.00 price objective on shares of FormFactor in a research report on Thursday, October 30th. Cantor Fitzgerald assumed coverage on shares of FormFactor in a report on Tuesday, November 18th. They issued an “overweight” rating and a $75.00 target price for the company. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and raised their price target for the company from $31.00 to $62.00 in a report on Thursday, October 30th. Stifel Nicolaus set a $42.00 price objective on FormFactor in a research note on Thursday, October 30th. Finally, Zacks Research raised FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FormFactor currently has a consensus rating of “Hold” and a consensus price target of $53.13.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 8,403 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $50.06, for a total transaction of $420,654.18. Following the completion of the transaction, the chief executive officer directly owned 533,270 shares in the company, valued at approximately $26,695,496.20. This represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $30.43, for a total transaction of $109,548.00. Following the completion of the sale, the director owned 35,479 shares in the company, valued at $1,079,625.97. This represents a 9.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,003 shares of company stock valued at $629,902 in the last ninety days. Corporate insiders own 0.90% 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.