Cubist Systematic Strategies LLC Has $215,000 Holdings in FormFactor, Inc. (FORM)

Cubist Systematic Strategies LLC boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 128.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,754 shares of the semiconductor company’s stock after acquiring an additional 7,183 shares during the period. Cubist Systematic Strategies LLC’s holdings in FormFactor were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FORM. Paradigm Capital Management Inc. NY purchased a new stake in shares of FormFactor during the 3rd quarter worth approximately $11,148,000. Teachers Advisors LLC lifted its position in shares of FormFactor by 449.9% during the 2nd quarter. Teachers Advisors LLC now owns 645,559 shares of the semiconductor company’s stock worth $8,005,000 after buying an additional 528,164 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of FormFactor during the 2nd quarter worth approximately $3,750,000. American Century Companies Inc. purchased a new stake in shares of FormFactor during the 3rd quarter worth approximately $4,706,000. Finally, Vanguard Group Inc. lifted its position in shares of FormFactor by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after buying an additional 253,323 shares during the last quarter. Institutional investors own 84.42% of the company’s stock.

Several analysts have recently weighed in on FORM shares. Needham & Company LLC upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating and boosted their price objective for the stock from $20.00 to $22.00 in a research report on Thursday, December 14th. B. Riley restated a “buy” rating and set a $22.00 price objective (up previously from $20.00) on shares of FormFactor in a research report on Thursday, November 2nd. Finally, Citigroup boosted their price objective on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.63.

Shares of FormFactor, Inc. (FORM) opened at $16.35 on Thursday. FormFactor, Inc. has a 12-month low of $10.45 and a 12-month high of $18.65. The company has a market cap of $1,190.00, a price-to-earnings ratio of 62.88, a P/E/G ratio of 0.85 and a beta of 1.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The firm had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same quarter in the prior year, the firm earned $0.22 EPS. FormFactor’s revenue for the quarter was up 16.6% on a year-over-year basis. equities analysts forecast that FormFactor, Inc. will post 1.04 earnings per share for the current year.

In other FormFactor news, CFO Michael M. Ludwig sold 16,845 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the transaction, the chief financial officer now owns 241,132 shares in the company, valued at approximately $4,219,810. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Delateur sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $442,250. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

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FormFactor Company Profile

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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