Royce & Associates LP boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 25.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,351,918 shares of the semiconductor company’s stock after acquiring an additional 274,688 shares during the period. Royce & Associates LP’s holdings in FormFactor were worth $17,981,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the business. Northern Trust Corp boosted its position in shares of FormFactor by 0.7% in the first quarter. Northern Trust Corp now owns 1,101,564 shares of the semiconductor company’s stock valued at $15,037,000 after acquiring an additional 7,144 shares during the period. SG Americas Securities LLC bought a new stake in shares of FormFactor in the first quarter valued at approximately $113,000. Meadow Creek Investment Management LLC bought a new stake in shares of FormFactor in the first quarter valued at approximately $117,000. BNP Paribas Arbitrage SA boosted its position in shares of FormFactor by 62.4% in the first quarter. BNP Paribas Arbitrage SA now owns 24,259 shares of the semiconductor company’s stock valued at $331,000 after acquiring an additional 9,324 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of FormFactor by 29.0% in the first quarter. Trexquant Investment LP now owns 43,672 shares of the semiconductor company’s stock valued at $596,000 after acquiring an additional 9,815 shares during the period. 93.58% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ FORM opened at $14.00 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.25. The firm has a market capitalization of $1.03 billion, a P/E ratio of 14.00, a PEG ratio of 1.20 and a beta of 1.40. FormFactor, Inc. has a one year low of $11.10 and a one year high of $18.65.
In other FormFactor news, Director Raymond A. Link sold 4,500 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $13.35, for a total transaction of $60,075.00. Following the completion of the transaction, the director now directly owns 45,102 shares in the company, valued at $602,111.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Delateur sold 6,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $14.07, for a total value of $84,420.00. Following the transaction, the director now owns 13,000 shares of the company’s stock, valued at $182,910. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
FORM has been the subject of a number of recent research reports. BidaskClub lowered FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. TheStreet upgraded FormFactor from a “c+” rating to a “b” rating in a research note on Thursday, August 2nd. Citigroup cut their target price on FormFactor from $14.00 to $13.50 and set a “neutral” rating for the company in a research note on Friday, May 4th. ValuEngine upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, Zacks Investment Research upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. FormFactor presently has an average rating of “Buy” and a consensus target price of $17.90.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system 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.
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