Moran Wealth Management LLC Boosts Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Moran Wealth Management LLC lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 46.8% during the third quarter, HoldingsChannel reports. The firm owned 9,955 shares of the semiconductor company’s stock after purchasing an additional 3,174 shares during the quarter. Moran Wealth Management LLC’s holdings in FormFactor were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its stake in FormFactor by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after buying an additional 200 shares in the last quarter. Xponance Inc. grew its position in shares of FormFactor by 5.1% in the second quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 241 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Arizona State Retirement System raised its stake in shares of FormFactor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 331 shares during the period. Finally, CWM LLC lifted its holdings in FormFactor by 25.5% during 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 in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Price Performance

FORM opened at $41.33 on Friday. 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 stock has a market capitalization of $3.20 billion, a P/E ratio of 23.75 and a beta of 1.12. The stock has a 50-day moving average price of $43.21 and a 200-day moving average price of $49.99. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction 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. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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