Dynamic Technology Lab Private Ltd Takes $1.83 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Dynamic Technology Lab Private Ltd bought a new position in shares of 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 bought 39,755 shares of the semiconductor company’s stock, valued at approximately $1,829,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of FormFactor at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its position in shares of FormFactor by 90.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock worth $2,080,000 after acquiring an additional 16,341 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in FormFactor by 14.6% in the first quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company’s stock valued at $6,032,000 after purchasing an additional 16,855 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in FormFactor in the second quarter valued at approximately $1,811,000. New York State Common Retirement Fund raised its holdings in FormFactor by 876.0% during the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after purchasing an additional 290,254 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of FormFactor during the 2nd quarter worth approximately $15,893,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Trading Down 0.2 %

Shares of FORM stock opened at $41.24 on Tuesday. The company has a market capitalization of $3.19 billion, a P/E ratio of 23.70 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $43.19 and its two-hundred day moving average is $49.79. FormFactor, Inc. has a twelve month low of $36.11 and a twelve month high of $63.63.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Needham & Company LLC cut their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. TD Cowen decreased their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, DA Davidson lifted their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, FormFactor currently has a consensus rating of “Hold” and an average price target of $55.38.

FormFactor Company 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.