Great West Life Assurance Co. Can raised its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,458 shares of the semiconductor company’s stock after buying an additional 5,927 shares during the period. Great West Life Assurance Co. Can owned about 0.13% of FormFactor worth $1,239,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new stake in shares of FormFactor during the third quarter worth about $25,000. Oregon Public Employees Retirement Fund purchased a new position in shares of FormFactor during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. grew its holdings in shares of FormFactor by 22.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,120 shares of the semiconductor company’s stock worth $72,000 after buying an additional 924 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of FormFactor by 28.0% during the fourth quarter. Advisor Group Inc. now owns 6,311 shares of the semiconductor company’s stock worth $89,000 after buying an additional 1,381 shares during the last quarter. Finally, First Quadrant L P CA purchased a new position in shares of FormFactor during the fourth quarter worth about $90,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Shares of FormFactor stock traded down $0.02 during trading on Friday, hitting $18.30. 405,336 shares of the company were exchanged, compared to its average volume of 381,349. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 2.54. FormFactor, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $18.85. The company has a market capitalization of $1.36 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.23 and a beta of 1.64.
In other news, Director Kelley Steven-Waiss sold 7,000 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $15.50, for a total transaction of $108,500.00. Following the completion of the sale, the director now directly owns 12,000 shares in the company, valued at approximately $186,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis Thomas St sold 8,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $15.99, for a total value of $127,920.00. Following the sale, the director now owns 45,000 shares of the company’s stock, valued at $719,550. The disclosure for this sale can be found here. Insiders sold a total of 16,200 shares of company stock valued at $254,924 over the last quarter. 1.88% of the stock is currently owned by insiders.
A number of equities research analysts have weighed in on the company. DA Davidson lifted their price objective on FormFactor to $21.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. BidaskClub raised FormFactor from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Sidoti lowered their price objective on FormFactor from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, January 3rd. Finally, ValuEngine raised FormFactor from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.08.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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