FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd lessened its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 11.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,291 shares of the semiconductor company's stock after selling 14,259 shares during the period. Montanaro Asset Management Ltd owned about 0.15% of FormFactor worth $5,257,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Bessemer Group Inc. grew its holdings in FormFactor by 7.0% in the first quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company's stock valued at $11,976,000 after purchasing an additional 17,079 shares during the period. UniSuper Management Pty Ltd purchased a new stake in FormFactor in the first quarter valued at approximately $664,000. Russell Investments Group Ltd. grew its holdings in FormFactor by 16.2% in the first quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company's stock valued at $5,160,000 after purchasing an additional 15,756 shares during the period. Sei Investments Co. grew its holdings in FormFactor by 5.4% in the first quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company's stock valued at $68,156,000 after purchasing an additional 76,032 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in FormFactor by 14.6% in the first quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company's stock valued at $6,032,000 after purchasing an additional 16,855 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Stock Down 0.7 %

FORM traded down $0.30 during trading on Friday, hitting $42.10. The company had a trading volume of 883,241 shares, compared to its average volume of 714,372. The company has a market cap of $3.26 billion, a PE ratio of 24.20 and a beta of 1.12. The business has a 50-day moving average of $43.99 and a 200-day moving average of $50.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor, Inc. has a 1-year low of $34.07 and a 1-year high of $63.63.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the sale, the chief executive officer now directly owns 534,276 shares of the company's stock, valued at approximately $24,742,321.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on FORM. Needham & Company LLC decreased their price objective on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company 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 research note on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Tuesday, July 16th. DA Davidson upped 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. Finally, StockNews.com downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and a consensus price target of $55.38.

FormFactor Profile

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.