Edgestream Partners L.P. Buys New Position in FormFactor, Inc. (NASDAQ:FORM)

Edgestream Partners L.P. purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,340 shares of the semiconductor company's stock, valued at approximately $1,442,000.

A number of other hedge funds have also recently made changes to their positions in FORM. Bank of New York Mellon Corp increased its stake in shares of 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 worth $77,636,000 after purchasing an additional 612,838 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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. increased its holdings in 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 acquiring an additional 32,889 shares in the last quarter. Emerald Advisers LLC raised its position in shares of FormFactor by 10.3% in the third quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company's stock valued at $27,817,000 after buying an additional 56,316 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in FormFactor by 29.6% during the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company's stock worth $26,988,000 after purchasing an additional 134,170 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

Shares of NASDAQ:FORM traded down $0.05 on Wednesday, reaching $42.43. The company's stock had a trading volume of 687,340 shares, compared to its average volume of 591,875. The stock's 50-day moving average is $42.80 and its two-hundred day moving average is $49.17. FormFactor, Inc. has a 52-week low of $36.11 and a 52-week high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The stock has a market capitalization of $3.29 billion, a P/E ratio of 24.39 and a beta of 1.12.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the sale, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FORM. Needham & Company LLC decreased their target price on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. StockNews.com cut shares of FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Finally, TD Cowen dropped their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research report on Thursday, October 31st. Five equities 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, the company currently has an average rating of "Hold" and an average price target 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.