17,787 Shares in FormFactor, Inc. (NASDAQ:FORM) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,787 shares of the semiconductor company's stock, valued at approximately $818,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after buying an additional 309 shares during the period. Innealta Capital LLC acquired a new stake in FormFactor in the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC bought a new stake in FormFactor in the 2nd quarter valued at about $43,000. LRI Investments LLC acquired a new position in shares of FormFactor during the 1st quarter worth approximately $70,000. Finally, CWM LLC increased its stake in FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after acquiring an additional 370 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on FORM shares. DA Davidson raised their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, August 1st. StockNews.com downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. TD Cowen cut their target price 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, Needham & Company LLC decreased their price target on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, FormFactor currently has a consensus rating of "Hold" and a consensus price target of $55.38.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

FormFactor Trading Up 1.9 %

Shares of FORM stock traded up $0.75 during mid-day trading on Friday, reaching $40.06. 423,347 shares of the stock traded hands, compared to its average volume of 591,322. The stock's fifty day simple moving average is $42.95 and its two-hundred day simple moving average is $49.53. FormFactor, Inc. has a 1-year low of $36.11 and a 1-year high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 23.28 and a beta of 1.12.

About FormFactor

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.