Versor Investments LP Takes $598,000 Position in FormFactor, Inc. (NASDAQ:FORM)

Versor Investments LP bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 13,000 shares of the semiconductor company’s stock, valued at approximately $598,000.

Several other large investors have also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its stake in FormFactor by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock worth $2,349,000 after buying an additional 200 shares during the period. Xponance Inc. grew its holdings in FormFactor by 5.1% during the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 241 shares during the last quarter. Arizona State Retirement System grew its holdings in FormFactor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 331 shares during the last quarter. CWM LLC raised its position in FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 370 shares during the period. Finally, GAMMA Investing LLC lifted its stake in FormFactor by 21.8% in the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 406 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Needham & Company LLC reduced their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. TD Cowen lowered their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, DA Davidson raised their price target on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.38.

FormFactor Trading Down 5.1 %

NASDAQ FORM opened at $40.00 on Thursday. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 22.99 and a beta of 1.12. The company’s 50-day simple moving average is $43.72 and its two-hundred day simple moving average is $50.48.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.96% of the company’s stock.

FormFactor Company 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.