Eagle Asset Management Inc. Acquires 112,537 Shares of FormFactor, Inc. (NASDAQ:FORM)

Eagle Asset Management Inc. increased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 59.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,363 shares of the semiconductor company’s stock after buying an additional 112,537 shares during the period. Eagle Asset Management Inc. owned 0.39% of FormFactor worth $12,729,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares during the period. Innealta Capital LLC purchased a new position in FormFactor during the 2nd quarter valued at about $38,000. Redwood Wealth Management Group LLC bought a new stake in shares of FormFactor during the second quarter valued at about $43,000. LRI Investments LLC purchased a new stake in shares of FormFactor in the first quarter worth about $70,000. Finally, CWM LLC boosted its position in shares of FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 370 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Trading Up 1.3 %

FORM stock opened at $41.33 on Friday. The company has a market capitalization of $3.20 billion, a PE ratio of 23.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63. The company’s 50 day moving average price is $43.21 and its two-hundred day moving average price is $49.95.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the completion of the sale, the chief executive officer now directly owns 534,276 shares in the company, valued at $24,742,321.56. This represents a 0.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

FORM has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen lowered their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC cut their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.