Jane Street Group LLC Raises Position in FormFactor, Inc. (NASDAQ:FORM)

Jane Street Group LLC lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 14.5% during the third quarter, Holdings Channel reports. The fund owned 162,569 shares of the semiconductor company’s stock after acquiring an additional 20,638 shares during the period. Jane Street Group LLC’s holdings in FormFactor were worth $7,478,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Algert Global LLC increased its holdings in FormFactor by 134.4% during the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after purchasing an additional 30,410 shares during the period. Citigroup Inc. increased its stake in shares of FormFactor by 59.4% during the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock worth $4,867,000 after buying an additional 39,419 shares during the period. FMR LLC raised its holdings in FormFactor by 1,255.5% in the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after acquiring an additional 107,837 shares in the last quarter. Intech Investment Management LLC purchased a new position in FormFactor in the third quarter worth approximately $818,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in FormFactor by 129.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company’s stock worth $3,793,000 after acquiring an additional 46,488 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FORM. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC decreased their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Five 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, the company currently has a consensus rating of “Hold” and an average price target of $55.38.

FormFactor Stock Performance

Shares of FORM opened at $42.50 on Friday. The company’s 50 day simple moving average is $42.32 and its 200-day simple moving average is $48.34. FormFactor, Inc. has a 12-month low of $37.21 and a 12-month high of $63.63. The firm has a market cap of $3.29 billion, a PE ratio of 24.43 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.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the sale, the chief executive officer now owns 526,531 shares in the company, valued at $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by company insiders.

FormFactor 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.