Los Angeles Capital Management LLC Grows Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Los Angeles Capital Management LLC increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 31.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,306 shares of the semiconductor company’s stock after purchasing an additional 9,381 shares during the period. Los Angeles Capital Management LLC owned approximately 0.05% of FormFactor worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of FormFactor by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock valued at $439,074,000 after buying an additional 154,361 shares during the last quarter. Earnest Partners LLC raised its position in FormFactor by 0.6% during the first quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock valued at $277,942,000 after acquiring an additional 37,781 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in FormFactor by 7.2% in the first quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock valued at $94,867,000 after acquiring an additional 140,223 shares during the period. Bank of New York Mellon Corp boosted its position in FormFactor by 91.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock worth $77,636,000 after purchasing an additional 612,838 shares in the last quarter. Finally, Emerald Advisers LLC grew its stake in shares of FormFactor by 10.3% during the 3rd quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company’s stock worth $27,817,000 after purchasing an additional 56,316 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FORM. DA Davidson boosted their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Cowen lowered their target price 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. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Needham & Company LLC lowered their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $55.38.

FormFactor Trading Down 5.1 %

FORM stock opened at $40.00 on Thursday. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63. The business’s 50-day moving average is $43.72 and its 200 day moving average is $50.48. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 22.99 and a beta of 1.12.

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.