Main Management ETF Advisors LLC Takes $750,000 Position in FormFactor, Inc. (NASDAQ:FORM)

Main Management ETF Advisors LLC purchased a new position in FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,296 shares of the semiconductor company's stock, valued at approximately $750,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Algert Global LLC raised its stake in FormFactor by 134.4% during the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company's stock worth $2,440,000 after purchasing an additional 30,410 shares during the period. Citigroup Inc. grew its holdings in FormFactor by 59.4% during the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company's stock worth $4,867,000 after acquiring an additional 39,419 shares in the last quarter. Intech Investment Management LLC acquired a new position in FormFactor during the 3rd quarter worth approximately $818,000. Los Angeles Capital Management LLC acquired a new position in FormFactor during the 2nd quarter worth approximately $1,811,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of FormFactor by 129.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company's stock worth $3,793,000 after buying an additional 46,488 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

NASDAQ:FORM traded up $1.23 during trading hours on Friday, reaching $42.27. 386,959 shares of the stock were exchanged, compared to its average volume of 672,897. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $42.57 and a 200-day simple moving average of $48.90. FormFactor, Inc. has a 52 week low of $36.11 and a 52 week high of $63.63. The stock has a market capitalization of $3.27 billion, a P/E ratio of 24.29 and a beta of 1.12.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction 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 $21,371,893.29. The trade was a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.96% of the company's stock.

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.