Charles Schwab Investment Management Inc. Has $40.76 Million Stake in FormFactor, Inc. (NASDAQ:FORM)

Charles Schwab Investment Management Inc. boosted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 886,103 shares of the semiconductor company's stock after purchasing an additional 32,889 shares during the period. Charles Schwab Investment Management Inc. owned about 1.14% of FormFactor worth $40,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FORM. Louisiana State Employees Retirement System grew its position in shares of FormFactor by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company's stock worth $2,349,000 after buying an additional 200 shares in the last quarter. Xponance Inc. raised its position in shares of FormFactor by 5.1% during the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company's stock valued at $298,000 after acquiring an additional 241 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of FormFactor by 1.5% during the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company's stock worth $1,315,000 after purchasing an additional 331 shares during the period. Finally, CWM LLC lifted its position in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after buying an additional 370 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analyst Weigh In

FORM has been the topic of a number of recent research reports. Needham & Company LLC cut their target price 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 FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, TD Cowen cut their target price on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $55.38.

FormFactor Price Performance

NASDAQ:FORM traded down $0.08 during midday trading on Tuesday, hitting $42.48. 553,021 shares of the stock were exchanged, compared to its average volume of 591,464. The business has a 50-day moving average price of $42.84 and a two-hundred day moving average price of $49.27. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 24.41 and a beta of 1.12. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total value of $162,360.00. Following the transaction, the chief executive officer now owns 526,531 shares of the company's stock, valued at approximately $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.96% of the company's stock.

FormFactor 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.