Fmr LLC Purchases 107,837 Shares of FormFactor, Inc. (NASDAQ:FORM)

FMR LLC boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1,255.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,426 shares of the semiconductor company's stock after buying an additional 107,837 shares during the quarter. FMR LLC owned 0.15% of FormFactor worth $5,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of FormFactor by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 44,850 shares of the semiconductor company's stock valued at $2,063,000 after buying an additional 1,457 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in FormFactor during the 3rd quarter worth $1,085,000. Dynamic Technology Lab Private Ltd acquired a new stake in FormFactor in the 3rd quarter valued at $1,829,000. Alpha DNA Investment Management LLC raised its position in FormFactor by 14.4% in the third quarter. Alpha DNA Investment Management LLC now owns 9,684 shares of the semiconductor company's stock valued at $445,000 after purchasing an additional 1,219 shares during the period. Finally, Algert Global LLC boosted its position in shares of FormFactor by 134.4% in the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company's stock worth $2,440,000 after buying an additional 30,410 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the sale, the chief executive officer now owns 526,531 shares of the company's stock, valued at approximately $21,371,893.29. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Needham & Company LLC cut their price target on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, TD Cowen reduced their price target on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $55.38.

FormFactor Stock Down 0.6 %

FORM traded down $0.27 on Friday, reaching $42.50. 740,808 shares of the company traded hands, compared to its average volume of 590,115. FormFactor, Inc. has a 52-week low of $37.21 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 company has a market cap of $3.29 billion, a price-to-earnings ratio of 24.58 and a beta of 1.12. The stock's 50 day moving average price is $42.40 and its 200-day moving average price is $48.52.

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.