Coppell Advisory Solutions LLC Buys Shares of 55,814 FormFactor, Inc. $FORM

Coppell Advisory Solutions LLC bought a new position in FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 55,814 shares of the semiconductor company’s stock, valued at approximately $1,948,000. Coppell Advisory Solutions LLC owned approximately 0.07% of FormFactor at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FORM. Reinhart Partners LLC. grew its holdings in shares of 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 purchasing an additional 749,088 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in FormFactor by 9.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock valued at $2,106,000 after buying an additional 5,295 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in FormFactor during the 2nd quarter valued at $583,000. Harbor Capital Advisors Inc. grew its holdings in FormFactor by 54.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 162,464 shares of the semiconductor company’s stock worth $5,590,000 after acquiring an additional 57,470 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in FormFactor by 25.0% in the 2nd quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock worth $14,841,000 after acquiring an additional 86,277 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

FormFactor stock opened at $55.44 on Friday. The stock’s 50 day simple moving average is $49.61 and its two-hundred day simple moving average is $38.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 4.30. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 106.62 and a beta of 1.12. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $61.10.

Analyst Upgrades and Downgrades

FORM has been the subject of several recent analyst reports. Stifel Nicolaus set a $42.00 price objective on shares of FormFactor in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a report on Wednesday, October 8th. Zacks Research upgraded FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Cowen reiterated a “hold” rating on shares of FormFactor in a research report on Thursday, October 30th. Finally, TD Cowen upped their target price on FormFactor from $35.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 8,403 shares of FormFactor stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $50.06, for a total transaction of $420,654.18. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kelley Steven-Waiss sold 2,700 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total value of $151,119.00. Following the completion of the sale, the director directly owned 32,779 shares in the company, valued at approximately $1,834,640.63. The trade was a 7.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,103 shares of company stock worth $671,473 over the last ninety days. 0.90% of the stock is owned by corporate insiders.

FormFactor 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.