Algert Global LLC grew its stake in FormFactor, Inc. (NASDAQ:FORM) by 26.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,305 shares of the semiconductor company’s stock after purchasing an additional 42,022 shares during the quarter. FormFactor comprises about 0.8% of Algert Global LLC’s holdings, making the stock its 9th biggest holding. Algert Global LLC owned about 0.27% of FormFactor worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of FORM. Pinnacle Associates Ltd. raised its holdings in FormFactor by 84.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock worth $24,816,000 after purchasing an additional 918,160 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new position in shares of FormFactor in the 3rd quarter worth about $11,148,000. Teachers Advisors LLC increased its stake in shares of FormFactor by 449.9% in the 2nd quarter. Teachers Advisors LLC now owns 645,559 shares of the semiconductor company’s stock worth $8,005,000 after acquiring an additional 528,164 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of FormFactor in the 2nd quarter worth about $4,044,000. Finally, EAM Investors LLC bought a new position in shares of FormFactor in the 2nd quarter worth about $3,750,000. Institutional investors and hedge funds own 84.44% of the company’s stock.

Several brokerages recently issued reports on FORM. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of FormFactor in a research note on Friday, October 27th. B. Riley reiterated a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of FormFactor in a research note on Thursday, November 2nd. Citigroup increased their price target on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, DA Davidson reiterated a “buy” rating and issued a $20.00 price target on shares of FormFactor in a research note on Thursday, August 31st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. FormFactor has a consensus rating of “Buy” and an average price target of $18.06.

FormFactor, Inc. (NASDAQ:FORM) opened at $14.95 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. The stock has a market cap of $1,083.82, a PE ratio of 15.15, a P/E/G ratio of 0.89 and a beta of 1.46. FormFactor, Inc. has a 12 month low of $10.45 and a 12 month high of $18.65.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The company had revenue of $143.74 million during the quarter, compared to analyst estimates of $140.83 million. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. FormFactor’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. analysts anticipate that FormFactor, Inc. will post 1.04 earnings per share for the current year.

In other FormFactor news, Director Richard Delateur sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total transaction of $265,350.00. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at approximately $442,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael M. Ludwig sold 16,845 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the sale, the chief financial officer now owns 241,132 shares of the company’s stock, valued at $4,219,810. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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About FormFactor

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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