Mirabella Financial Services LLP Makes New $1.52 Million Investment in FormFactor, Inc. $FORM

Mirabella Financial Services LLP acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,300 shares of the semiconductor company’s stock, valued at approximately $1,524,000. Mirabella Financial Services LLP owned approximately 0.06% of FormFactor at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FORM. Cetera Investment Advisers acquired a new position in shares of FormFactor during the 1st quarter valued at $227,000. Deutsche Bank AG grew its holdings in FormFactor by 28.7% during the first quarter. Deutsche Bank AG now owns 173,684 shares of the semiconductor company’s stock worth $4,914,000 after acquiring an additional 38,718 shares during the period. Headlands Technologies LLC bought a new stake in FormFactor in the first quarter worth about $42,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in FormFactor by 62.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,688 shares of the semiconductor company’s stock valued at $4,461,000 after acquiring an additional 60,388 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of FormFactor by 9.6% during the 1st quarter. Invesco Ltd. now owns 849,005 shares of the semiconductor company’s stock valued at $24,018,000 after purchasing an additional 74,428 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Up 0.2%

FORM stock opened at $57.35 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 110.29 and a beta of 1.12. The company has a 50-day moving average of $47.18 and a two-hundred day moving average of $37.45. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $61.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46.

Analyst Ratings Changes

FORM has been the subject of several recent research reports. DA Davidson set a $55.00 target price on shares of FormFactor in a research note on Thursday, October 30th. Wall Street Zen raised FormFactor from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. TD Cowen raised their price objective on FormFactor from $35.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. B. Riley restated a “buy” rating on shares of FormFactor in a report on Thursday, October 30th. Finally, Zacks Research raised FormFactor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and an average target price of $53.13.

Insider Transactions at FormFactor

In related news, Director Dennis Thomas St sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $49.85, for a total transaction of $99,700.00. Following the transaction, the director owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 8,403 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $50.06, for a total transaction of $420,654.18. Following the completion of the sale, the chief executive officer directly owned 533,270 shares of the company’s stock, valued at approximately $26,695,496.20. This trade represents a 1.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,703 shares of company stock worth $781,021. Insiders own 0.90% of the company’s stock.

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.