Mirabella Financial Services LLP Takes $1.09 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Mirabella Financial Services LLP acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,554 shares of the semiconductor company’s stock, valued at approximately $1,085,000.

Several other hedge funds also recently modified their holdings of FORM. SG Americas Securities LLC bought a new stake in shares of FormFactor in the first quarter valued at approximately $123,000. Vanguard Group Inc. boosted its position in shares of FormFactor by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock valued at $439,074,000 after acquiring an additional 154,361 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of FormFactor by 29.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,998 shares of the semiconductor company’s stock valued at $365,000 after acquiring an additional 1,811 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of FormFactor by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 86,555 shares of the semiconductor company’s stock valued at $3,948,000 after purchasing an additional 3,664 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of FormFactor in the first quarter valued at $70,000. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

FormFactor stock opened at $41.49 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The stock has a fifty day moving average price of $43.21 and a two-hundred day moving average price of $49.90. FormFactor, Inc. has a 52-week low of $36.11 and a 52-week high of $63.63. The firm has a market capitalization of $3.21 billion, a P/E ratio of 23.75 and a beta of 1.12.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the transaction, the chief executive officer now owns 534,276 shares in the company, valued at approximately $24,742,321.56. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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