XTX Topco Ltd Invests $503,000 in FormFactor, Inc. (NASDAQ:FORM)

XTX Topco Ltd bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 10,945 shares of the semiconductor company’s stock, valued at approximately $503,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FORM. CWM LLC boosted its stake 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 purchasing an additional 370 shares during the period. Assenagon Asset Management S.A. purchased a new position in FormFactor in the 2nd quarter valued at about $6,871,000. Blue Trust Inc. increased its position in shares of FormFactor by 142.5% during the second quarter. Blue Trust Inc. now owns 13,304 shares of the semiconductor company’s stock worth $805,000 after acquiring an additional 7,817 shares during the last quarter. Neo Ivy Capital Management purchased a new position in FormFactor in the second quarter valued at about $2,169,000. Finally, Louisiana State Employees Retirement System grew its stake in FormFactor by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after purchasing an additional 200 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen cut their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reduced their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and a consensus price target of $55.38.

FormFactor Stock Performance

Shares of FORM opened at $42.50 on Friday. The firm has a fifty day moving average of $42.32 and a 200-day moving average of $48.41. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 24.43 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 1 year low of $37.21 and a 1 year high of $63.63.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

About FormFactor

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.