SG Americas Securities LLC Invests $508,000 in FormFactor, Inc. $FORM

SG Americas Securities LLC purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,938 shares of the semiconductor company’s stock, valued at approximately $508,000.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of FormFactor by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after buying an additional 108,487 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of FormFactor by 170.2% in 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. Ameriprise Financial Inc. raised its holdings in shares of FormFactor by 10.2% in the second quarter. Ameriprise Financial Inc. now owns 1,127,928 shares of the semiconductor company’s stock valued at $38,812,000 after acquiring an additional 104,513 shares in the last quarter. Select Equity Group L.P. lifted its stake in FormFactor by 78.6% in the second quarter. Select Equity Group L.P. now owns 617,542 shares of the semiconductor company’s stock worth $21,250,000 after acquiring an additional 271,760 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after purchasing an additional 53,310 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FORM. B. Riley reaffirmed a “buy” rating on shares of FormFactor in a research report on Thursday, January 15th. Northland Securities set a $44.00 target price on FormFactor in a report on Thursday, October 30th. Citigroup lifted their price target on FormFactor from $62.00 to $96.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their price target on FormFactor from $42.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 14th. Finally, Evercore ISI raised their price objective on FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, FormFactor has an average rating of “Moderate Buy” and a consensus target price of $64.13.

FormFactor Stock Down 9.6%

FormFactor stock opened at $73.20 on Friday. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $85.49. The business has a fifty day moving average price of $60.58 and a 200-day moving average price of $45.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 140.77 and a beta of 1.12.

Insiders Place Their Bets

In other news, Director Kelley Steven-Waiss sold 2,700 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $55.97, for a total transaction of $151,119.00. Following the transaction, the director owned 32,779 shares in the company, valued at $1,834,640.63. This represents a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dennis Thomas St sold 2,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $49.85, for a total transaction of $99,700.00. Following the completion of the transaction, the director directly owned 38,957 shares of the company’s stock, valued at $1,942,006.45. The trade was a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 73,466 shares of company stock valued at $4,683,377. 0.90% of the stock is currently owned by corporate insiders.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.