22,328 FormFactor, Inc. $FORM Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 832.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,010 shares of the semiconductor company’s stock after acquiring an additional 22,328 shares during the quarter. Fulcrum Asset Management LLP’s holdings in FormFactor were worth $3,408,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of FormFactor by 15.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 316,733 shares of the semiconductor company’s stock worth $47,016,000 after purchasing an additional 42,483 shares during the period. Beverly Hills Private Wealth LLC boosted its holdings in shares of FormFactor by 25.0% during the third quarter. Beverly Hills Private Wealth LLC now owns 2,277 shares of the semiconductor company’s stock worth $340,000 after purchasing an additional 455 shares during the last quarter. Brighton Jones LLC grew its position in shares of FormFactor by 12.5% in the third quarter. Brighton Jones LLC now owns 1,439 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 160 shares during the period. Ethic Inc. grew its position in shares of FormFactor by 218.2% in the third quarter. Ethic Inc. now owns 9,861 shares of the semiconductor company’s stock valued at $1,472,000 after purchasing an additional 6,762 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its position in shares of FormFactor by 50.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 12,040 shares of the semiconductor company’s stock valued at $1,798,000 after purchasing an additional 4,040 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Stifel Nicolaus set a $115.00 target price on FormFactor in a research note on Tuesday, October 13th. Freedom Capital upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on FormFactor in a report on Wednesday, September 30th. They issued a “buy” rating and a $200.00 price target for the company. Evercore set a $150.00 price objective on shares of FormFactor in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.09.

FormFactor Trading Up 5.0%

FORM stock opened at $85.20 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.68 and a debt-to-equity ratio of 0.01. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 38.90 and a beta of 1.27. The business has a fifty day simple moving average of $113.39 and a 200-day simple moving average of $113.66. FormFactor, Inc. has a 52 week low of $47.33 and a 52 week high of $160.27.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The firm had revenue of $280.55 million for the quarter, compared to analysts’ expectations of $270.52 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. On average, equities research analysts expect that FormFactor, Inc. will post 2.96 EPS for the current year.

Insider Activity

In other news, CEO Mike Slessor sold 11,098 shares of FormFactor stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total value of $1,389,469.60. Following the transaction, the chief executive officer directly owned 455,596 shares of the company’s stock, valued at $57,040,619.20. The trade was a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the sale, the director owned 24,426 shares of the company’s stock, valued at $2,347,338.60. The trade was a 7.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,710 shares of company stock valued at $5,520,564 over the last 90 days. 0.79% of the stock is currently owned by insiders.

FormFactor Company Profile

FormFactor, Inc designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization.

The company’s products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices.