24,554 Shares in FormFactor, Inc. (NASDAQ:FORM) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new position in FormFactor, Inc. (NASDAQ:FORM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,554 shares of the semiconductor company’s stock, valued at approximately $1,085,000.

Several other institutional investors have also bought and sold shares of FORM. Bank of New York Mellon Corp lifted its holdings in FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock worth $77,636,000 after purchasing an additional 612,838 shares during the period. New York State Common Retirement Fund lifted its holdings in FormFactor by 876.0% in the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock valued at $14,876,000 after acquiring an additional 290,254 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in FormFactor in the 2nd quarter valued at about $15,893,000. Renaissance Technologies LLC acquired a new stake in FormFactor in the 2nd quarter valued at about $13,938,000. Finally, Vanguard Group Inc. raised its holdings in FormFactor by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after buying an additional 154,361 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. DA Davidson boosted their price objective on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen cut 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. Needham & Company LLC cut their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.38.

FormFactor Stock Up 0.4 %

Shares of FormFactor stock opened at $41.49 on Monday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 23.75 and a beta of 1.12. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $43.21 and a two-hundred day moving average price of $49.90. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the completion of the sale, the chief executive officer now owns 534,276 shares of the company’s stock, valued at $24,742,321.56. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.96% of the company’s stock.

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 in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.