Genesee Valley Trust Company Increased Holding in Adobe Sys (ADBE) as Stock Rose; Formfactor (FORM) Holder Spark Investment Management Decreased Its Stake as Stock Were Volatile

June 20, 2018 - By Clifton Ray

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Genesee Valley Trust Company increased its stake in Adobe Sys Inc. (ADBE) by 7.84% based on its latest 2018Q1 regulatory filing with the SEC. Genesee Valley Trust Company bought 1,481 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 20,364 shares of the prepackaged software company at the end of 2018Q1, valued at $4.26M, up from 18,883 at the end of the previous reported quarter. Genesee Valley Trust Company who had been investing in Adobe Sys Inc. for a number of months, seems to be bullish on the $123.97B market cap company. The stock decreased 1.54% or $3.95 during the last trading session, reaching $251.74. About 3.13M shares traded or 4.33% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 20, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 27/03/2018 – ADOBE TO BOOST MARKETING ANALYTICS WITH MORE APP INTEGRATIONS; 20/04/2018 – DJ Adobe Systems Incorporated, Inst Holders, 1Q 2018 (ADBE); 05/04/2018 – ADBE: Adobe names John Murpy as CFO, effective April 9 [MORE]; 23/05/2018 – MarketingLand: Adobe suits up for e-commerce competition with its purchase of Magento; 27/03/2018 – SMlTH’s ACT for Adobe Experience Manager Makes Life Easier for Marketers; 26/03/2018 – Tech Trader: Adobe: Some Serious Risks Lurk in JMP’s Sudden Downgrade; 19/03/2018 – ENEL ENEI.Ml – ENERGY PRODUCED BY 10 MW OF RATTLESNAKE CREEK WILL BE SOLD TO ADOBE BETWEEN 2019 AND 2028; 15/03/2018 – ADOBE SYSTEMS INC ADBE.O : BARCLAYS RAISES TARGET PRICE TO $250 FROM $221; 16/03/2018 – ADOBE SYSTEMS INC ADBE.O : RBC RAISES TARGET PRICE TO $242 FROM $235; 16/03/2018 – ADOBE SYSTEMS INC ADBE.O : UBS RAISES TARGET PRICE TO $260 FROM $251

Spark Investment Management Llc decreased its stake in Formfactor Inc (FORM) by 62.37% based on its latest 2018Q1 regulatory filing with the SEC. Spark Investment Management Llc sold 262,887 shares as the company’s stock 0.00% . The hedge fund held 158,597 shares of the technology company at the end of 2018Q1, valued at $2.16 million, down from 421,484 at the end of the previous reported quarter. Spark Investment Management Llc who had been investing in Formfactor Inc for a number of months, seems to be less bullish one the $1.05B market cap company. It closed at $14.35 lastly. It is down 5.57% since June 20, 2017 and is downtrending. It has underperformed by 18.14% the S&P500. Some Historical FORM News: 02/05/2018 – FormFactor 1Q Net $2.13M; 29/05/2018 – FormFactor Named a Best Supplier in Annual Customer Satisfaction Survey; 16/05/2018 – FormFactor Presenting at Cowen Conference May 31; 30/05/2018 – Global Source Measure Unit Market by Form Factor, Application, End-User Industry, Type & Geography – Analysis & Forecast to 2023 – ResearchAndMarkets.com; 07/03/2018 – FormFactor Showcases Advanced Test and Measurement Solutions at SEMICON China 2018; 20/03/2018 – Wiwynn® Debuts High Density NVMe JBOF with lntel® SSD “Ruler” Form Factor Based on Microsoft’s Project Olympus; 22/05/2018 – Shuttle Computer Group’s DH02U Series Offers Desktop Power in Smallest Form Factor; 28/03/2018 – ECI Expands Neptune Family With Compact Form Factor Tailored for Distributed Energy Resources Environment; 22/05/2018 – FormFactor Presenting at Conference Tomorrow; 02/05/2018 – FormFactor Sees 2Q EPS 8c-EPS 14c

Spark Investment Management Llc, which manages about $1.26B and $1.57 billion US Long portfolio, upped its stake in Wave Life Sciences Ltd by 72,500 shares to 112,700 shares, valued at $4.52 million in 2018Q1, according to the filing. It also increased its holding in Rambus Inc Del (NASDAQ:RMBS) by 89,800 shares in the quarter, for a total of 467,600 shares, and has risen its stake in Liveperson Inc (NASDAQ:LPSN).

Investors sentiment decreased to 1.07 in 2018 Q1. Its down 0.41, from 1.48 in 2017Q4. It dropped, as 35 investors sold FORM shares while 51 reduced holdings. 44 funds opened positions while 48 raised stakes. 63.95 million shares or 9.93% more from 58.17 million shares in 2017Q4 were reported. Fny Managed Accounts Limited Liability Corporation has 0% invested in FormFactor, Inc. (NASDAQ:FORM) for 123 shares. Savings Bank Of Montreal Can reported 0% of its portfolio in FormFactor, Inc. (NASDAQ:FORM). State Of Alaska Department Of Revenue has invested 0.01% in FormFactor, Inc. (NASDAQ:FORM). Profund Advsr Ltd Liability Com holds 14,870 shares. 170,292 were accumulated by Bankshares Of America De. Blackrock Inc owns 0.01% invested in FormFactor, Inc. (NASDAQ:FORM) for 9.32M shares. Schwab Charles Inv Mgmt holds 464,104 shares. American Intll Grp Inc Inc holds 0% in FormFactor, Inc. (NASDAQ:FORM) or 46,030 shares. Ameritas Investment Inc invested in 0% or 5,937 shares. The Washington-based Palouse Capital has invested 0.08% in FormFactor, Inc. (NASDAQ:FORM). Thrivent For Lutherans holds 0% of its portfolio in FormFactor, Inc. (NASDAQ:FORM) for 47,074 shares. Northern Tru has invested 0% in FormFactor, Inc. (NASDAQ:FORM). Hancock Holding Com holds 0.05% or 83,548 shares. Amer Century Incorporated has 0% invested in FormFactor, Inc. (NASDAQ:FORM). Hanson And Doremus Inv Management stated it has 0% in FormFactor, Inc. (NASDAQ:FORM).

More news for FormFactor, Inc. (NASDAQ:FORM) were recently published by: Nasdaq.com, which released: “FormFactor Collaborates with Keysight Technologies and GLOBALFOUNDRIES to Deliver Silicon Photonics Test and …” on June 18, 2018. Seekingalpha.com‘s article titled: “Volume And Complexity Creating Opportunities For FormFactor” and published on June 07, 2018 is yet another important article.

Analysts await FormFactor, Inc. (NASDAQ:FORM) to report earnings on August, 1. They expect $0.19 EPS, down 45.71% or $0.16 from last year’s $0.35 per share. FORM’s profit will be $13.88 million for 18.88 P/E if the $0.19 EPS becomes a reality. After $0.12 actual EPS reported by FormFactor, Inc. for the previous quarter, Wall Street now forecasts 58.33% EPS growth.

Since February 15, 2018, it had 0 insider buys, and 6 selling transactions for $1.62 million activity. Another trade for 15,400 shares valued at $201,625 was sold by ZELLNER MICHAEL W. Shares for $587,280 were sold by LUDWIG MICHAEL M. STEVEN-WAISS KELLEY sold $105,769 worth of FormFactor, Inc. (NASDAQ:FORM) on Monday, May 14. On Saturday, May 26 LINK RAYMOND A sold $60,075 worth of FormFactor, Inc. (NASDAQ:FORM) or 4,500 shares.

Among 8 analysts covering FormFactor (NASDAQ:FORM), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. FormFactor had 24 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of FormFactor, Inc. (NASDAQ:FORM) has “Buy” rating given on Thursday, October 26 by Needham. On Tuesday, August 2 the stock rating was upgraded by Stifel Nicolaus to “Buy”. FBR Capital maintained the stock with “Buy” rating in Thursday, February 8 report. The stock of FormFactor, Inc. (NASDAQ:FORM) has “Neutral” rating given on Thursday, November 2 by Citigroup. The stock of FormFactor, Inc. (NASDAQ:FORM) has “Neutral” rating given on Friday, May 4 by Citigroup. The rating was downgraded by Needham to “Buy” on Friday, April 27. The company was initiated on Tuesday, April 3 by Northland Capital. The firm has “Neutral” rating by Citigroup given on Tuesday, March 15. The company was maintained on Thursday, August 3 by B. Riley & Co. The rating was maintained by Needham with “Buy” on Thursday, January 18.

Since January 10, 2018, it had 0 insider buys, and 16 insider sales for $87.63 million activity. 50,775 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $10.16 million were sold by THOMPSON MATTHEW. WARNOCK JOHN E had sold 3,000 shares worth $671,316. DILLON MICHAEL A sold $3.51M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, February 5. Shares for $5.81 million were sold by Morris Donna. NARAYEN SHANTANU had sold 165,023 shares worth $32.66M on Wednesday, January 24. On Wednesday, January 31 the insider LAMKIN BRYAN sold $5.97M.

Investors sentiment increased to 0.9 in Q1 2018. Its up 0.01, from 0.89 in 2017Q4. It increased, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Wealthfront accumulated 14,241 shares or 0.03% of the stock. Moreover, Gotham Asset Mngmt Limited Liability Corporation has 0.07% invested in Adobe Systems Incorporated (NASDAQ:ADBE). 61,899 are held by Bogle Investment Mgmt Limited Partnership De. Mackay Shields Llc reported 163,339 shares. Hbk Sorce Advisory Ltd Company reported 5,093 shares stake. Highstreet Asset Mgmt holds 0% or 100 shares in its portfolio. City Holdg accumulated 275 shares. Invest Counsel owns 24,888 shares. Balyasny Asset Management Ltd Llc has 97,804 shares for 0.09% of their portfolio. Private Cap Inc reported 2.23% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Lathrop Inv Mngmt Corp accumulated 104,391 shares. Wetherby Asset Mgmt holds 0.39% or 13,131 shares in its portfolio. Hancock Hldgs invested in 3,188 shares. First Long Island Invsts Ltd Limited Liability Company invested in 3.17% or 105,926 shares. Geode Capital Mngmt Limited Co stated it has 0.38% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Businesswire.com which released: “Adobe Appoints Dana Rao General Counsel” on June 18, 2018, also Seekingalpha.com with their article: “SAP unveils new bundled product, announces acquisition” published on June 05, 2018, Nasdaq.com published: “Mid-Morning Market Update: Markets Open Lower; Adobe Beats Q2 Expectations” on June 15, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Benzinga.com and their article: “Wall Street Reacts After Adobe Posts Q2 Earnings Beat” published on June 17, 2018 as well as 247Wallst.com‘s news article titled: “Record Revenue Not Enough to Pull Up Adobe” with publication date: June 15, 2018.

FormFactor, Inc. (NASDAQ:FORM) Institutional Positions Chart

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