Fisher Asset Management LLC Sells 13,046 Shares of FormFactor, Inc. (NASDAQ:FORM)

Fisher Asset Management LLC lowered its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 17.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,901 shares of the semiconductor company's stock after selling 13,046 shares during the period. Fisher Asset Management LLC owned approximately 0.08% of FormFactor worth $2,755,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of FormFactor by 91.5% in the 2nd 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 buying an additional 612,838 shares during the period. Massachusetts Financial Services Co. MA raised its stake in FormFactor by 8.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company's stock worth $48,928,000 after buying an additional 79,191 shares during the period. Charles Schwab Investment Management Inc. grew its stake in FormFactor by 3.9% in the third 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 during the period. Emerald Advisers LLC increased its holdings in shares of FormFactor by 10.3% during the third quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company's stock valued at $27,817,000 after acquiring an additional 56,316 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of 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 period. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction dated 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 directly owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FORM. 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 downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC dropped their price target on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, FormFactor has a consensus rating of "Hold" and an average target price of $55.38.

FormFactor Stock Up 1.9 %

FORM stock traded up $0.75 during trading on Friday, reaching $40.06. The stock had a trading volume of 423,347 shares, compared to its average volume of 591,322. 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's 50 day moving average is $42.87 and its two-hundred day moving average is $49.43. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 23.02 and a beta of 1.12. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63.

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.