OPTIMAS CAPITAL Ltd Purchases Shares of 31,700 FormFactor, Inc. (NASDAQ:FORM)

OPTIMAS CAPITAL Ltd acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,700 shares of the semiconductor company’s stock, valued at approximately $1,085,000. FormFactor comprises about 1.3% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Captrust Financial Advisors raised its position 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. Raymond James Financial Services Advisors Inc. raised its position in FormFactor by 1.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 29,163 shares of the semiconductor company’s stock worth $998,000 after buying an additional 427 shares during the last quarter. MetLife Investment Management LLC raised its position in FormFactor by 1.1% during the 2nd quarter. MetLife Investment Management LLC now owns 41,101 shares of the semiconductor company’s stock worth $1,406,000 after buying an additional 435 shares during the last quarter. Journey Strategic Wealth LLC raised its position in FormFactor by 8.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 5,564 shares of the semiconductor company’s stock worth $234,000 after buying an additional 447 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in FormFactor by 2.2% during the 1st quarter. HighTower Advisors LLC now owns 21,496 shares of the semiconductor company’s stock worth $901,000 after buying an additional 465 shares during the last quarter. 93.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FORM has been the subject of a number of recent research reports. DA Davidson raised their price target on shares of FormFactor from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. StockNews.com began coverage on shares of FormFactor in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Craig Hallum raised their price objective on shares of FormFactor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Needham & Company LLC raised their price objective on shares of FormFactor from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus raised their price objective on shares of FormFactor from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.67.

Insider Buying and Selling

In related news, Director Dennis Thomas St sold 3,792 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total transaction of $145,006.08. Following the completion of the transaction, the director now directly owns 38,701 shares in the company, valued at approximately $1,479,926.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Dennis Thomas St sold 3,792 shares of FormFactor stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total value of $145,006.08. Following the completion of the transaction, the director now owns 38,701 shares in the company, valued at approximately $1,479,926.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shai Shahar sold 10,986 shares of FormFactor stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $35.02, for a total value of $384,729.72. Following the completion of the transaction, the chief financial officer now owns 107,933 shares of the company’s stock, valued at approximately $3,779,813.66. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

FormFactor Trading Down 1.4 %

Shares of NASDAQ:FORM traded down $0.55 during midday trading on Tuesday, reaching $39.04. 77,314 shares of the company’s stock were exchanged, compared to its average volume of 448,027. The firm’s 50 day simple moving average is $34.36 and its two-hundred day simple moving average is $33.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.05. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -432.33 and a beta of 1.20. FormFactor, Inc. has a fifty-two week low of $20.94 and a fifty-two week high of $39.76.

About FormFactor

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.