39,755 Shares in FormFactor, Inc. (NASDAQ:FORM) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,755 shares of the semiconductor company's stock, valued at approximately $1,829,000. Dynamic Technology Lab Private Ltd owned 0.05% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of FORM. Bank of New York Mellon Corp lifted its holdings in FormFactor by 91.5% during the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock valued at $77,636,000 after purchasing an additional 612,838 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of FormFactor by 8.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company's stock valued at $48,928,000 after purchasing an additional 79,191 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of FormFactor by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company's stock valued at $40,761,000 after buying an additional 32,889 shares in the last quarter. Emerald Advisers LLC boosted its holdings in FormFactor by 10.3% in the 3rd quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company's stock worth $27,817,000 after buying an additional 56,316 shares during the period. Finally, TimesSquare Capital Management LLC grew its stake in FormFactor by 29.6% in the 3rd 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 in the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Needham & Company LLC cut their price target on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, October 31st. TD Cowen reduced their target price on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. StockNews.com downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Finally, DA Davidson boosted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the company 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, FormFactor presently has an average rating of "Hold" and an average target price of $55.38.

FormFactor Price Performance

FormFactor stock traded down $1.42 during mid-day trading on Tuesday, hitting $39.82. 660,002 shares of the company traded hands, compared to its average volume of 591,545. The stock has a fifty day moving average price of $43.19 and a 200-day moving average price of $49.79. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 22.89 and a beta of 1.12. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by insiders.

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.