American Century Companies Inc. Purchases 76,597 Shares of FormFactor, Inc. $FORM

American Century Companies Inc. increased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 226.3% during the 2nd quarter, Holdings Channel reports. The firm owned 110,443 shares of the semiconductor company’s stock after buying an additional 76,597 shares during the period. American Century Companies Inc.’s holdings in FormFactor were worth $3,800,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Earnest Partners LLC lifted its holdings in FormFactor by 0.3% in the 1st quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock worth $171,299,000 after buying an additional 18,039 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of FormFactor by 170.2% during the second quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock valued at $72,069,000 after acquiring an additional 1,319,345 shares in the last quarter. Reinhart Partners LLC. lifted its stake in FormFactor by 64.8% in the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the period. Invesco Ltd. boosted its holdings in FormFactor by 9.6% in the first quarter. Invesco Ltd. now owns 849,005 shares of the semiconductor company’s stock valued at $24,018,000 after acquiring an additional 74,428 shares in the last quarter. Finally, Needham Investment Management LLC increased its position in FormFactor by 6.3% during the 1st quarter. Needham Investment Management LLC now owns 665,000 shares of the semiconductor company’s stock valued at $18,813,000 after purchasing an additional 39,500 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

FORM has been the subject of a number of research reports. Northland Securities set a $44.00 price target on shares of FormFactor in a research note on Thursday, October 30th. Evercore ISI lifted their price target on FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded FormFactor from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Zacks Research upgraded shares of FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, TD Cowen increased their price target on shares of FormFactor from $35.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.13.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 8,403 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $50.06, for a total value of $420,654.18. Following the completion of the transaction, the chief executive officer directly owned 533,270 shares in the company, valued at $26,695,496.20. The trade was a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $30.43, for a total value of $109,548.00. Following the completion of the transaction, the director directly owned 35,479 shares in the company, valued at $1,079,625.97. This trade represents a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,703 shares of company stock valued at $781,021. Insiders own 0.96% of the company’s stock.

FormFactor Trading Up 1.5%

NASDAQ FORM opened at $58.33 on Tuesday. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $61.10. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $48.07 and its 200-day moving average price is $37.90. The stock has a market cap of $4.52 billion, a P/E ratio of 112.18 and a beta of 1.12.

FormFactor Company 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.