Olympiad Research LP Acquires Shares of 7,184 FormFactor, Inc. (NASDAQ:FORM)

Olympiad Research LP acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,184 shares of the semiconductor company’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in shares of FormFactor during the 2nd quarter valued at about $38,000. Redwood Wealth Management Group LLC purchased a new stake in shares of FormFactor during the 2nd quarter valued at about $43,000. LRI Investments LLC purchased a new stake in shares of FormFactor during the 1st quarter valued at about $70,000. Covestor Ltd raised its position in shares of FormFactor by 3,951.3% during the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 1,541 shares in the last quarter. Finally, CWM LLC raised its position in FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 370 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of FORM stock opened at $42.40 on Friday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 24.37 and a beta of 1.12. The company’s 50 day moving average is $44.12 and its 200 day moving average is $50.45. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $34.07 and a 52-week high of $63.63.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FORM. Needham & Company LLC reduced their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. DA Davidson raised their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus raised their target price on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.38.

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.