Suffolk Capital Management LLC lowered its stake in FormFactor, Inc. (NASDAQ:FORM) by 55.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,945 shares of the semiconductor company’s stock after selling 41,189 shares during the quarter. Suffolk Capital Management LLC’s holdings in FormFactor were worth $516,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Capital Fund Management S.A. purchased a new stake in FormFactor during the 4th quarter valued at $415,000. Wells Fargo & Company MN boosted its stake in FormFactor by 34.3% during the 4th quarter. Wells Fargo & Company MN now owns 316,044 shares of the semiconductor company’s stock valued at $4,946,000 after purchasing an additional 80,740 shares during the last quarter. First Trust Advisors LP boosted its stake in FormFactor by 8.4% during the 4th quarter. First Trust Advisors LP now owns 169,822 shares of the semiconductor company’s stock valued at $2,658,000 after purchasing an additional 13,161 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new stake in FormFactor during the 4th quarter valued at $806,000. Finally, Paradigm Capital Management Inc. NY boosted its stake in FormFactor by 29.8% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 859,001 shares of the semiconductor company’s stock valued at $13,443,000 after purchasing an additional 197,408 shares during the last quarter. Institutional investors own 82.93% of the company’s stock.
FORM has been the topic of several recent analyst reports. Needham & Company LLC upgraded FormFactor from a “buy” rating to a “strong-buy” rating and increased their target price for the company from $20.00 to $22.00 in a research note on Thursday, December 14th. Zacks Investment Research downgraded FormFactor from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Citigroup increased their target price on FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. B. Riley increased their target price on FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.00.
In other news, CFO Michael M. Ludwig sold 30,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $12.73, for a total transaction of $381,900.00. Following the transaction, the chief financial officer now directly owns 270,387 shares of the company’s stock, valued at approximately $3,442,026.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 30,064 shares of company stock worth $382,387 over the last three months. Insiders own 2.30% of the company’s stock.
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FormFactor Company Profile
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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