Balter Liquid Alternatives LLC acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the fourth quarter, HoldingsChannel reports. The fund acquired 51,470 shares of the semiconductor company’s stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Virtu KCG Holdings LLC lifted its holdings in FormFactor by 5.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 17,472 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 972 shares in the last quarter. Voya Investment Management LLC increased its stake in FormFactor by 7.1% in the 2nd quarter. Voya Investment Management LLC now owns 34,013 shares of the semiconductor company’s stock worth $422,000 after acquiring an additional 2,252 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in FormFactor by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,360 shares of the semiconductor company’s stock worth $699,000 after acquiring an additional 2,731 shares during the last quarter. American International Group Inc. increased its stake in FormFactor by 8.1% in the 3rd quarter. American International Group Inc. now owns 48,276 shares of the semiconductor company’s stock worth $813,000 after acquiring an additional 3,610 shares during the last quarter. Finally, OxFORD Asset Management LLP increased its stake in FormFactor by 31.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 17,268 shares of the semiconductor company’s stock worth $291,000 after acquiring an additional 4,100 shares during the last quarter. 83.20% of the stock is currently owned by institutional investors and hedge funds.

FormFactor, Inc. (FORM) opened at $12.45 on Friday. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $917.93, a PE ratio of 22.64, a price-to-earnings-growth ratio of 0.70 and a beta of 1.27. FormFactor, Inc. has a one year low of $10.45 and a one year high of $18.65.

A number of equities analysts have weighed in on FORM shares. Needham & Company LLC upgraded FormFactor from a “buy” rating to a “strong-buy” rating and upped their target price for the stock from $20.00 to $22.00 in a research note on Thursday, December 14th. BidaskClub lowered FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday. B. Riley restated a “buy” rating and issued a $22.00 target price (up from $20.00) on shares of FormFactor in a research note on Thursday, November 2nd. Citigroup decreased their target price on FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.00.

In other news, CFO Michael M. Ludwig sold 16,845 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $17.50, for a total transaction of $294,787.50. Following the transaction, the chief financial officer now directly owns 241,132 shares in the company, valued at approximately $4,219,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Balter Liquid Alternatives LLC Invests $806,000 in FormFactor, Inc. (FORM) Stock” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://theolympiareport.com/2018/02/11/balter-liquid-alternatives-llc-invests-806000-in-formfactor-inc-form-stock.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.

Want to see what other hedge funds are holding FORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FormFactor, Inc. (NASDAQ:FORM).

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.