9,302 Shares in FormFactor, Inc. (NASDAQ:FORM) Bought by Bank of Montreal Can

Bank of Montreal Can acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,302 shares of the semiconductor company’s stock, valued at approximately $319,000.

Several other institutional investors and hedge funds have also made changes to their positions in FORM. Belpointe Asset Management LLC lifted its holdings in shares of FormFactor by 170.1% in the 1st quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 684 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of FormFactor in the 1st quarter valued at about $63,000. Harbor Capital Advisors Inc. purchased a new stake in shares of FormFactor in the 2nd quarter valued at about $67,000. Tower Research Capital LLC TRC lifted its holdings in shares of FormFactor by 247.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of FormFactor by 10.0% in the 1st quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 281 shares during the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Performance

Shares of FORM stock opened at $39.59 on Tuesday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -439.89 and a beta of 1.20. The stock has a 50 day simple moving average of $34.36 and a 200-day simple moving average of $33.05. FormFactor, Inc. has a 12-month low of $20.94 and a 12-month high of $39.76. The company has a current ratio of 3.91, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FORM. Northland Securities boosted their target price on FormFactor from $32.00 to $35.00 in a report on Thursday, August 3rd. Needham & Company LLC upped their price objective on FormFactor from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Stifel Nicolaus upped their price objective on FormFactor from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Craig Hallum upped their price objective on FormFactor from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, DA Davidson upped their price objective on FormFactor from $32.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.67.

Insider Transactions at FormFactor

In related news, CFO Shai Shahar sold 10,986 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $35.02, for a total value of $384,729.72. Following the sale, the chief financial officer now owns 107,933 shares in the company, valued at approximately $3,779,813.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other FormFactor news, Director Dennis Thomas St sold 3,792 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total transaction of $145,006.08. Following the sale, the director now owns 38,701 shares in the company, valued at approximately $1,479,926.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shai Shahar sold 10,986 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $35.02, for a total value of $384,729.72. Following the transaction, the chief financial officer now directly owns 107,933 shares in the company, valued at approximately $3,779,813.66. The disclosure for this sale can be found here. Company insiders own 1.03% 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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.