Franklin Resources Inc. Boosts Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Franklin Resources Inc. lifted its position in FormFactor, Inc. (NASDAQ:FORM) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,744 shares of the semiconductor company’s stock after acquiring an additional 18,810 shares during the quarter. Franklin Resources Inc. owned approximately 0.50% of FormFactor worth $18,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Innealta Capital LLC bought a new position in shares of FormFactor in the second quarter worth $38,000. Quarry LP increased its position in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 523 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in shares of FormFactor in the second quarter worth about $43,000. Finally, CWM LLC boosted its position in shares of FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 1,044 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. TD Cowen reduced their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC reduced their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Five 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, the stock has a consensus rating of “Hold” and a consensus price target of $55.38.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the transaction, the chief executive officer now directly owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

FormFactor Stock Performance

FORM opened at $42.44 on Friday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 24.39 and a beta of 1.12. 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 company’s 50 day moving average is $42.09 and its 200 day moving average is $48.05. FormFactor, Inc. has a 12-month low of $37.21 and a 12-month high of $63.63.

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.