State Street Corp Grows Holdings in FormFactor, Inc. (NASDAQ:FORM)

State Street Corp lifted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,913,463 shares of the semiconductor company's stock after purchasing an additional 39,784 shares during the quarter. State Street Corp owned 3.76% of FormFactor worth $134,019,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted 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 purchasing an additional 309 shares during the period. Innealta Capital LLC purchased a new position in shares of FormFactor during the second quarter valued at approximately $38,000. Quarry LP grew its stake in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after buying an additional 523 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of FormFactor during the 2nd quarter worth approximately $43,000. Finally, CWM LLC boosted its holdings in FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock valued at $110,000 after acquiring an additional 370 shares during the period. Institutional investors own 98.76% of the company's stock.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction 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 represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company's stock.

FormFactor Stock Down 0.6 %

Shares of FORM traded down $0.27 during mid-day trading on Friday, hitting $42.50. The company's stock had a trading volume of 867,628 shares, compared to its average volume of 591,624. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 24.43 and a beta of 1.12. FormFactor, Inc. has a 52-week low of $37.21 and a 52-week high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The company's 50-day moving average is $42.32 and its 200-day moving average is $48.34.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FORM shares. Needham & Company LLC reduced their target price on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. TD Cowen decreased their price objective on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, FormFactor presently has an average rating of "Hold" and a consensus target price of $55.38.

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.