Edgestream Partners L.P. Makes New $4.72 Million Investment in FormFactor, Inc. $FORM

Edgestream Partners L.P. purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 137,030 shares of the semiconductor company’s stock, valued at approximately $4,715,000. Edgestream Partners L.P. owned about 0.18% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Earnest Partners LLC lifted its position in shares of FormFactor by 0.3% during the 1st quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock worth $171,299,000 after purchasing an additional 18,039 shares during the last quarter. Bank of New York Mellon Corp increased its position in FormFactor by 170.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock worth $72,069,000 after buying an additional 1,319,345 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of FormFactor by 64.8% during the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after buying an additional 749,088 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of FormFactor in the first quarter valued at approximately $25,838,000. Finally, Invesco Ltd. grew its stake in shares of FormFactor by 9.6% in the first quarter. Invesco Ltd. now owns 849,005 shares of the semiconductor company’s stock worth $24,018,000 after acquiring an additional 74,428 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FORM shares. Cantor Fitzgerald began coverage on shares of FormFactor in a research note on Tuesday, November 18th. They set an “overweight” rating and a $75.00 target price for the company. Cowen restated a “hold” rating on shares of FormFactor in a report on Thursday, October 30th. Evercore ISI increased their target price on shares of FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $62.00 in a research report on Thursday, October 30th. Finally, TD Cowen boosted their price target on FormFactor from $35.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.13.

FormFactor Trading Up 2.2%

FORM stock opened at $56.04 on Wednesday. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $61.10. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $46.33 and its 200-day moving average is $37.17. The firm has a market cap of $4.34 billion, a P/E ratio of 107.77 and a beta of 1.12.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,700 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $55.97, for a total value of $151,119.00. Following the transaction, the director directly owned 32,779 shares in the company, valued at $1,834,640.63. The trade was a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis Thomas St sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $49.85, for a total transaction of $99,700.00. Following the sale, the director directly owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. The trade was a 4.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,703 shares of company stock worth $781,021 over the last three months. 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.