Fisher Asset Management LLC Lowers Stock Position in FormFactor, Inc. $FORM

Fisher Asset Management LLC lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,239 shares of the semiconductor company’s stock after selling 9,055 shares during the period. Fisher Asset Management LLC owned approximately 0.20% of FormFactor worth $5,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FORM. Bank of New York Mellon Corp grew its position in FormFactor by 170.2% during the second 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. grew its holdings in shares of FormFactor by 64.8% in the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the period. Select Equity Group L.P. increased its stake in FormFactor by 459.5% in the 1st quarter. Select Equity Group L.P. now owns 345,782 shares of the semiconductor company’s stock valued at $9,782,000 after purchasing an additional 283,983 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in FormFactor during the second quarter worth $9,684,000. Finally, Paradigm Capital Management Inc. NY raised its holdings in FormFactor by 679.7% during the first quarter. Paradigm Capital Management Inc. NY now owns 295,500 shares of the semiconductor company’s stock worth $8,360,000 after purchasing an additional 257,600 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FORM shares. DA Davidson set a $55.00 price target on FormFactor in a research report on Thursday, October 30th. Northland Securities set a $44.00 target price on shares of FormFactor in a report on Thursday, October 30th. Cantor Fitzgerald started coverage on shares of FormFactor in a report on Tuesday, November 18th. They issued an “overweight” rating and a $75.00 price target on the stock. Cowen reiterated a “hold” rating on shares of FormFactor in a research report on Thursday, October 30th. Finally, B. Riley restated a “buy” rating on shares of FormFactor in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.13.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of the stock in a transaction 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 transaction, the director owned 38,957 shares of the company’s stock, valued at $1,942,006.45. This represents a 4.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kelley Steven-Waiss sold 3,600 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the sale, the director owned 35,479 shares in the company, valued at $1,079,625.97. This trade represents a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,703 shares of company stock worth $781,021. Insiders own 0.90% of the company’s stock.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $57.35 on Friday. The company has a 50-day simple moving average of $47.18 and a 200-day simple moving average of $37.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46. The company has a market cap of $4.45 billion, a PE ratio of 110.29 and a beta of 1.12. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $61.10.

FormFactor 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.