MQS Management LLC Acquires 1,205 Shares of FormFactor, Inc. (NASDAQ:FORM)

MQS Management LLC increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 33.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,812 shares of the semiconductor company’s stock after acquiring an additional 1,205 shares during the period. MQS Management LLC’s holdings in FormFactor were worth $221,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in FormFactor by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock worth $11,976,000 after purchasing an additional 17,079 shares during the period. UniSuper Management Pty Ltd purchased a new position in FormFactor during the 1st quarter worth $664,000. Russell Investments Group Ltd. increased its holdings in FormFactor by 16.2% during the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock worth $5,160,000 after purchasing an additional 15,756 shares during the period. Kennedy Capital Management LLC increased its holdings in FormFactor by 14.6% during the 1st quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 16,855 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in FormFactor by 90.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock worth $2,080,000 after purchasing an additional 16,341 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the transaction, the chief executive officer now directly owns 530,276 shares in the company, valued at $24,010,897.28. The trade was a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by company insiders.

FormFactor Stock Down 4.8 %

Shares of FORM stock opened at $37.80 on Friday. FormFactor, Inc. has a 1-year low of $36.11 and a 1-year high of $63.63. The stock’s fifty day moving average price is $43.55 and its 200 day moving average price is $50.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 21.72 and a beta of 1.12.

Wall Street Analyst Weigh In

Several research firms have commented on FORM. Needham & Company LLC reduced their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. TD Cowen cut 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. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, DA Davidson lifted their price target on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.38.

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.