SG Americas Securities LLC Buys New Stake in FormFactor, Inc. $FORM

SG Americas Securities LLC purchased a new position in FormFactor, Inc. (NASDAQ:FORM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,938 shares of the semiconductor company’s stock, valued at approximately $508,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Salomon & Ludwin LLC bought a new stake in shares of FormFactor in the third quarter worth about $25,000. Blue Trust Inc. grew its holdings in FormFactor by 5.3% during the 3rd quarter. Blue Trust Inc. now owns 11,835 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 598 shares in the last quarter. Inspire Investing LLC increased its stake in FormFactor by 11.3% in the 3rd quarter. Inspire Investing LLC now owns 12,555 shares of the semiconductor company’s stock worth $457,000 after acquiring an additional 1,278 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of FormFactor by 0.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 116,154 shares of the semiconductor company’s stock worth $4,230,000 after acquiring an additional 414 shares in the last quarter. Finally, Cim Investment Management Inc. bought a new position in shares of FormFactor during the 2nd quarter valued at approximately $167,000. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $73.20 on Friday. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $85.49. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 140.77 and a beta of 1.12. The firm’s 50-day moving average is $60.58 and its 200 day moving average is $45.06.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FORM shares. Citigroup boosted their price target on shares of FormFactor from $62.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald started coverage on shares of FormFactor in a report on Tuesday, November 18th. They issued an “overweight” rating and a $75.00 target price on the stock. DA Davidson set a $55.00 target price on shares of FormFactor in a research report on Thursday, October 30th. Northland Securities set a $44.00 price target on FormFactor in a research report on Thursday, October 30th. Finally, B. Riley reissued a “buy” rating on shares of FormFactor in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, FormFactor has an average rating of “Moderate Buy” and an average price target of $64.13.

Insider Buying and Selling

In other news, Director Kelley Steven-Waiss sold 2,700 shares of FormFactor stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total transaction of $151,119.00. Following the completion of the sale, the director directly owned 32,779 shares in the company, valued at approximately $1,834,640.63. This trade represents a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mike Slessor sold 13,088 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $76.81, for a total transaction of $1,005,289.28. Following the completion of the transaction, the chief executive officer owned 472,907 shares in the company, valued at approximately $36,323,986.67. The trade was a 2.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 73,466 shares of company stock valued at $4,683,377. Insiders own 0.90% of the company’s stock.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.