Swiss National Bank Has $4.14 Million Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Swiss National Bank boosted its stake in FormFactor, Inc. (NASDAQ:FORM – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 186,300 shares of the semiconductor company’s stock after buying an additional 1,400 shares during the period. Swiss National Bank’s holdings in FormFactor were worth $4,141,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FORM. Raymond James & Associates grew its stake in FormFactor by 77.5% in the 1st quarter. Raymond James & Associates now owns 22,526 shares of the semiconductor company’s stock valued at $947,000 after buying an additional 9,836 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of FormFactor by 8.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 20,565 shares of the semiconductor company’s stock worth $864,000 after purchasing an additional 1,521 shares in the last quarter. American Century Companies Inc. grew its position in shares of FormFactor by 4.2% during the 1st quarter. American Century Companies Inc. now owns 43,413 shares of the semiconductor company’s stock worth $1,825,000 after purchasing an additional 1,767 shares in the last quarter. HighTower Advisors LLC grew its position in shares of FormFactor by 2.2% during the 1st quarter. HighTower Advisors LLC now owns 21,496 shares of the semiconductor company’s stock worth $901,000 after purchasing an additional 465 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of FormFactor by 11.9% during the 1st quarter. Citigroup Inc. now owns 71,507 shares of the semiconductor company’s stock worth $3,006,000 after purchasing an additional 7,621 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

FormFactor Price Performance

FORM stock opened at $30.56 on Friday. The company has a fifty day moving average price of $29.06 and a 200-day moving average price of $26.72. The company has a market capitalization of $2.36 billion, a P/E ratio of 109.15 and a beta of 1.24. FormFactor, Inc. has a 52-week low of $18.15 and a 52-week high of $42.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.84 and a current ratio of 3.75.

Analyst Ratings Changes

FORM has been the subject of a number of recent analyst reports. Northland Securities cut their price target on shares of FormFactor from $35.00 to $32.00 in a report on Thursday, May 4th. Citigroup downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and upped their price target for the stock from $25.00 to $33.00 in a report on Monday, April 3rd. Needham & Company LLC upped their price target on shares of FormFactor from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Cowen upped their price target on shares of FormFactor from $25.00 to $32.00 and gave the stock a “market perform” rating in a report on Thursday, February 9th. Finally, DA Davidson dropped their price objective on shares of FormFactor from $36.00 to $32.00 in a research note on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.22.

Insider Activity

In other news, CFO Shai Shahar sold 4,759 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $29.68, for a total transaction of $141,247.12. Following the completion of the sale, the chief financial officer now directly owns 72,900 shares in the company, valued at $2,163,672. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.03% of the company’s stock.

About FormFactor

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FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following business segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment consists of analytical probe solutions for on-wafer probing, board tests, and package tests.