Janney Montgomery Scott LLC Has $1.43 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Janney Montgomery Scott LLC increased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 348.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,015 shares of the semiconductor company’s stock after buying an additional 24,100 shares during the period. Janney Montgomery Scott LLC’s holdings in FormFactor were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in FormFactor by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after purchasing an additional 154,361 shares during the period. Earnest Partners LLC lifted its holdings in shares of FormFactor by 0.6% during the 1st quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock worth $277,942,000 after acquiring an additional 37,781 shares during the period. Hood River Capital Management LLC boosted its position in shares of FormFactor by 7.2% during the 1st quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock worth $94,867,000 after acquiring an additional 140,223 shares in the last quarter. Bank of New York Mellon Corp increased its stake in FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after acquiring an additional 612,838 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in FormFactor by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 515,877 shares of the semiconductor company’s stock valued at $23,541,000 after purchasing an additional 2,623 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

FORM stock opened at $39.69 on Friday. The company has a market capitalization of $3.07 billion, a P/E ratio of 22.81 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 52-week low of $36.11 and a 52-week high of $63.63. The company has a fifty day moving average price of $43.63 and a 200-day moving average price of $50.41.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FORM shares. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. DA Davidson raised their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC lowered their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, TD Cowen reduced their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.