FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,063,651 shares of the semiconductor company's stock after buying an additional 79,191 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.37% of FormFactor worth $48,928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in FormFactor by 90.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company's stock worth $2,080,000 after purchasing an additional 16,341 shares during the period. Kennedy Capital Management LLC grew its position in shares of FormFactor by 14.6% during the 1st quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company's stock valued at $6,032,000 after acquiring an additional 16,855 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of FormFactor during the 2nd quarter valued at $1,811,000. New York State Common Retirement Fund lifted its stake in shares of FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company's stock valued at $14,876,000 after buying an additional 290,254 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of FormFactor during the 2nd quarter valued at $15,893,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of analyst reports. DA Davidson lifted their target price 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. Needham & Company LLC decreased their price target on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. StockNews.com cut shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Finally, TD Cowen decreased their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $55.38.

FormFactor Stock Up 0.2 %

NASDAQ:FORM traded up $0.09 during midday trading on Monday, reaching $41.42. 354,411 shares of the stock traded hands, compared to its average volume of 589,449. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63. The business has a 50-day moving average of $43.21 and a two-hundred day moving average of $49.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The stock has a market capitalization of $3.21 billion, a PE ratio of 23.75 and a beta of 1.12.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares in the company, valued at $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.96% of the company's stock.

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.