Mutual of America Capital Management LLC Grows Stake in FormFactor, Inc. (NASDAQ:FORM)

Mutual of America Capital Management LLC grew its position in FormFactor, Inc. (NASDAQ:FORM) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,035 shares of the semiconductor company’s stock after purchasing an additional 651 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FormFactor were worth $402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Advisers LLC grew its holdings in FormFactor by 12.7% in the second quarter. Emerald Advisers LLC now owns 421,053 shares of the semiconductor company’s stock worth $15,352,000 after purchasing an additional 47,520 shares during the last quarter. Janus Henderson Group PLC grew its holdings in FormFactor by 67.0% in the first quarter. Janus Henderson Group PLC now owns 97,495 shares of the semiconductor company’s stock worth $4,398,000 after purchasing an additional 39,127 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in FormFactor by 22.4% in the second quarter. Handelsbanken Fonder AB now owns 16,960 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 3,100 shares during the last quarter. Tudor Investment Corp Et Al purchased a new position in FormFactor in the first quarter worth $2,083,000. Finally, Quantbot Technologies LP purchased a new position in FormFactor in the first quarter worth $209,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on FORM. Needham & Company LLC initiated coverage on shares of FormFactor in a report on Monday, July 26th. They issued a “buy” rating and a $57.00 price target on the stock. DA Davidson upgraded shares of FormFactor from a “neutral” rating to a “buy” rating in a research note on Friday, July 30th. Finally, CL King initiated coverage on shares of FormFactor in a research note on Friday, June 25th. They set a “buy” rating and a $42.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, FormFactor has a consensus rating of “Buy” and an average price target of $49.00.

NASDAQ:FORM opened at $39.18 on Wednesday. FormFactor, Inc. has a 12 month low of $23.12 and a 12 month high of $52.39. The firm has a fifty day simple moving average of $36.94 and a 200-day simple moving average of $39.26. The company has a current ratio of 3.23, a quick ratio of 2.51 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.04 billion, a P/E ratio of 38.79 and a beta of 1.43.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 28th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $188.08 million during the quarter, compared to the consensus estimate of $185.33 million. FormFactor had a net margin of 10.63% and a return on equity of 13.98%. Equities analysts forecast that FormFactor, Inc. will post 1.24 EPS for the current year.

FormFactor Profile

FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment comprises of analytical probe solutions for on-wafer probing, board test, and package test.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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