FormFactor, Inc. $FORM Stock Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 832.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,010 shares of the semiconductor company's stock after acquiring an additional 22,328 shares during the period. Fulcrum Asset Management LLP's holdings in FormFactor were worth $3,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FORM. Allspring Global Investments Holdings LLC grew its holdings in shares of FormFactor by 15.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 316,733 shares of the semiconductor company's stock worth $47,016,000 after acquiring an additional 42,483 shares during the period. Beverly Hills Private Wealth LLC increased its stake in FormFactor by 25.0% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 2,277 shares of the semiconductor company's stock valued at $340,000 after purchasing an additional 455 shares in the last quarter. Brighton Jones LLC increased its stake in FormFactor by 12.5% in the 3rd quarter. Brighton Jones LLC now owns 1,439 shares of the semiconductor company's stock valued at $215,000 after purchasing an additional 160 shares in the last quarter. Ethic Inc. raised its holdings in FormFactor by 218.2% during the third quarter. Ethic Inc. now owns 9,861 shares of the semiconductor company's stock worth $1,472,000 after purchasing an additional 6,762 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in FormFactor by 50.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 12,040 shares of the semiconductor company's stock worth $1,798,000 after purchasing an additional 4,040 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the sale, the director owned 24,426 shares of the company's stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 17,510 shares of FormFactor stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total value of $1,833,822.30. Following the sale, the chief executive officer owned 466,694 shares of the company's stock, valued at approximately $48,876,862.62. This represents a 3.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 46,710 shares of company stock valued at $5,520,564. Insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

FORM has been the topic of a number of research analyst reports. Freedom Capital upgraded FormFactor from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 2nd. Evercore set a $150.00 price target on FormFactor in a research report on Thursday, July 30th. TD Cowen lifted their price target on FormFactor from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, October 29th. Wall Street Zen upgraded shares of FormFactor from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 31st. Finally, Zacks Research cut shares of FormFactor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $136.09.

FormFactor Trading Up 5.0%

Shares of FORM opened at $85.20 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.68 and a quick ratio of 3.02. FormFactor, Inc. has a 1-year low of $47.33 and a 1-year high of $160.27. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 38.90 and a beta of 1.27. The firm has a 50 day simple moving average of $113.39 and a 200-day simple moving average of $113.66.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.18. The firm had revenue of $280.55 million for the quarter, compared to analyst estimates of $270.52 million. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. FormFactor's revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Equities analysts forecast that FormFactor, Inc. will post 2.96 EPS for the current fiscal year.

About FormFactor

FormFactor, Inc designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization.

The company's products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices.

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