Quest Partners LLC grew its stake in FormFactor, Inc. (NASDAQ:FORM – Free Report) by 24.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,702 shares of the semiconductor company’s stock after acquiring an additional 1,529 shares during the period. Quest Partners LLC’s holdings in FormFactor were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in FormFactor by 91.5% during the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock worth $77,636,000 after acquiring an additional 612,838 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after purchasing an additional 290,254 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in FormFactor during the 2nd quarter worth approximately $15,893,000. Renaissance Technologies LLC bought a new stake in FormFactor in the 2nd quarter valued at $13,938,000. Finally, Vanguard Group Inc. increased its position in FormFactor by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after buying an additional 154,361 shares during the period. Institutional investors own 98.76% of the company’s stock.
FormFactor Stock Performance
NASDAQ FORM opened at $41.33 on Monday. The firm’s 50 day simple moving average is $43.21 and its 200 day simple moving average is $49.90. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.75 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63.
Analysts Set New Price Targets
Read Our Latest Analysis on FORM
Insiders Place Their Bets
In other 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 completion of the transaction, the chief executive officer now owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.
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