Alpha DNA Investment Management LLC Buys 1,219 Shares of FormFactor, Inc. (NASDAQ:FORM)

Alpha DNA Investment Management LLC increased its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 14.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,684 shares of the semiconductor company’s stock after acquiring an additional 1,219 shares during the period. Alpha DNA Investment Management LLC’s holdings in FormFactor were worth $445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FORM. SG Americas Securities LLC bought a new stake in FormFactor during the first quarter worth about $123,000. Vanguard Group Inc. increased its position in FormFactor by 1.6% during the first 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 last quarter. O Shaughnessy Asset Management LLC increased its position in FormFactor by 29.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,998 shares of the semiconductor company’s stock worth $365,000 after buying an additional 1,811 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in FormFactor by 4.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 86,555 shares of the semiconductor company’s stock worth $3,948,000 after buying an additional 3,664 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in FormFactor during the first quarter worth approximately $70,000. Institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FORM shares. Needham & Company LLC lowered their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen decreased their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, DA Davidson increased their target price on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, FormFactor has an average rating of “Hold” and a consensus price target of $55.38.

FormFactor Stock Performance

Shares of FORM stock opened at $41.33 on Monday. The stock has a market capitalization of $3.20 billion, a PE ratio of 23.75 and a beta of 1.12. The business’s 50 day simple moving average is $43.21 and its 200 day simple moving average is $49.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by insiders.

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.