Paradigm Capital Management Inc. NY Raises Holdings in FormFactor, Inc. (FORM)

Paradigm Capital Management Inc. NY increased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,001 shares of the semiconductor company’s stock after acquiring an additional 197,408 shares during the quarter. Paradigm Capital Management Inc. NY owned about 1.18% of FormFactor worth $13,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Hood River Capital Management LLC increased its stake in shares of FormFactor by 23.9% in the 4th quarter. Hood River Capital Management LLC now owns 1,556,232 shares of the semiconductor company’s stock worth $24,355,000 after acquiring an additional 299,880 shares in the last quarter. Swiss National Bank increased its stake in shares of FormFactor by 4.7% in the 4th quarter. Swiss National Bank now owns 123,500 shares of the semiconductor company’s stock worth $1,933,000 after acquiring an additional 5,600 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of FormFactor in the 4th quarter worth about $380,000. Cadence Capital Management LLC increased its stake in shares of FormFactor by 7.8% in the 4th quarter. Cadence Capital Management LLC now owns 85,248 shares of the semiconductor company’s stock worth $1,334,000 after acquiring an additional 6,149 shares in the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in shares of FormFactor in the 4th quarter worth about $186,000. Institutional investors own 83.20% of the company’s stock.

FORM has been the subject of several research reports. BidaskClub lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday. B. Riley restated a “buy” rating and set a $20.00 price objective (down from $22.00) on shares of FormFactor in a research note on Monday, January 29th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of FormFactor in a research note on Friday, October 27th. Citigroup reduced their price objective on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.00.

Shares of FormFactor, Inc. (FORM) opened at $12.45 on Friday. The firm has a market cap of $903.02, a PE ratio of 22.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16. FormFactor, Inc. has a 12 month low of $10.45 and a 12 month high of $18.65.

In other FormFactor news, 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 completion of the sale, the chief financial officer now directly owns 241,132 shares in the company, valued at approximately $4,219,810. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Week Herald and is owned by of Week Herald. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://weekherald.com/2018/02/11/paradigm-capital-management-inc-ny-raises-holdings-in-formfactor-inc-form.html.

FormFactor Profile

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)

Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply