FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in FormFactor, Inc. (NASDAQ:FORM) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,800 shares of the semiconductor company’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned about 0.19% of FormFactor worth $6,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in FormFactor by 91.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock worth $77,636,000 after acquiring an additional 612,838 shares during the period. Emerald Advisers LLC lifted its holdings in shares of FormFactor by 10.3% during the third quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company’s stock worth $27,817,000 after purchasing an additional 56,316 shares during the period. TimesSquare Capital Management LLC boosted its position in FormFactor by 29.6% in the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock valued at $26,988,000 after buying an additional 134,170 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in FormFactor by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 515,877 shares of the semiconductor company’s stock worth $23,541,000 after buying an additional 2,623 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its position in FormFactor by 2.9% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 478,170 shares of the semiconductor company’s stock worth $21,996,000 after buying an additional 13,329 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares in the company, valued at approximately $24,742,321.56. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by company insiders.

FormFactor Price Performance

NASDAQ:FORM opened at $39.82 on Wednesday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52 week low of $36.11 and a 52 week high of $63.63. The stock’s 50-day moving average price is $43.19 and its 200-day moving average price is $49.79. The stock has a market capitalization of $3.08 billion, a PE ratio of 22.89 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FORM shares. Needham & Company LLC dropped their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. TD Cowen reduced their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, DA Davidson upped their target price on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.38.

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.