Barclays PLC Increases Holdings in FormFactor, Inc. (NASDAQ:FORM)

Barclays PLC grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 351.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,492 shares of the semiconductor company's stock after buying an additional 113,296 shares during the period. Barclays PLC owned 0.19% of FormFactor worth $6,692,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FORM. Advisors Asset Management Inc. raised its holdings in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 309 shares during the period. Innealta Capital LLC bought a new stake in shares of FormFactor during the second quarter valued at approximately $38,000. Redwood Wealth Management Group LLC purchased a new position in shares of FormFactor in the second quarter worth $43,000. Quarry LP boosted its position in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 523 shares during the last quarter. Finally, CWM LLC grew its stake in FormFactor by 57.3% during the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company's stock valued at $132,000 after acquiring an additional 1,044 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Down 5.1 %

NASDAQ FORM traded down $2.28 on Thursday, hitting $42.44. 1,334,415 shares of the stock were exchanged, compared to its average volume of 606,410. FormFactor, Inc. has a 52-week low of $37.21 and a 52-week high of $63.63. The firm has a market capitalization of $3.29 billion, a P/E ratio of 24.39 and a beta of 1.12. 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 fifty day moving average price of $42.17 and a two-hundred day moving average price of $48.09.

Wall Street Analyst Weigh In

Several analysts have commented on FORM shares. 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. 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. Finally, StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, FormFactor currently has an average rating of "Hold" and an average price target of $55.38.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total value of $162,360.00. Following the transaction, the chief executive officer now owns 526,531 shares of the company's stock, valued at $21,371,893.29. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by corporate 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.