Natixis Advisors LLC Has $7.26 Million Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Natixis Advisors LLC trimmed its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 7.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,786 shares of the semiconductor company's stock after selling 12,692 shares during the period. Natixis Advisors LLC owned approximately 0.20% of FormFactor worth $7,258,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in FormFactor during the second quarter valued at approximately $38,000. Redwood Wealth Management Group LLC acquired a new position in shares of FormFactor during the 2nd quarter worth $43,000. LRI Investments LLC bought a new stake in shares of FormFactor during the 1st quarter worth $70,000. Covestor Ltd boosted its stake in FormFactor by 3,951.3% in the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company's stock valued at $72,000 after buying an additional 1,541 shares in the last quarter. Finally, CWM LLC grew its position in FormFactor by 25.5% in the second 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 last quarter. 98.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Needham & Company LLC dropped 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. DA Davidson increased their price target on FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, TD Cowen cut their price target on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, FormFactor presently has a consensus rating of "Hold" and an average target price of $55.38.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is owned by insiders.

FormFactor Trading Up 1.3 %

Shares of FORM traded up $0.55 during mid-day trading on Friday, reaching $41.33. 500,555 shares of the company were exchanged, compared to its average volume of 590,481. The business has a 50 day simple moving average of $43.27 and a two-hundred day simple moving average of $50.08. 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 $3.20 billion, a PE ratio of 23.36 and a beta of 1.12. FormFactor, Inc. has a 52 week low of $36.11 and a 52 week high of $63.63.

FormFactor Company 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.