FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 59.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,797 shares of the semiconductor company's stock after acquiring an additional 39,419 shares during the period. Citigroup Inc. owned 0.14% of FormFactor worth $4,867,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FORM. Advisors Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 309 shares during the last quarter. Innealta Capital LLC purchased a new position in FormFactor in the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC bought a new stake in FormFactor during the 2nd quarter valued at about $43,000. CWM LLC boosted its position in FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock valued at $110,000 after buying an additional 370 shares during the period. Finally, GAMMA Investing LLC grew its stake in FormFactor by 21.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company's stock worth $137,000 after acquiring an additional 406 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by company insiders.

FormFactor Stock Down 0.2 %

Shares of NASDAQ FORM traded down $0.08 during mid-day trading on Tuesday, reaching $42.48. 553,021 shares of the company were exchanged, compared to its average volume of 591,464. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 24.41 and a beta of 1.12. 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 firm has a 50-day moving average of $42.84 and a 200 day moving average of $49.27. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FORM shares. TD Cowen decreased their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research note on Thursday, October 31st. StockNews.com cut FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Finally, Needham & Company LLC cut 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 presently has a consensus rating of "Hold" and a consensus target price of $55.38.

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.