Harbor Capital Advisors Inc. Has $2.46 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Harbor Capital Advisors Inc. lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 55.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,427 shares of the semiconductor company's stock after buying an additional 19,065 shares during the period. Harbor Capital Advisors Inc. owned 0.07% of FormFactor worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Innealta Capital LLC bought a new stake in FormFactor during the second quarter worth approximately $38,000. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor in the second quarter worth $43,000. LRI Investments LLC acquired a new position in FormFactor in the 1st quarter valued at approximately $70,000. Covestor Ltd lifted its position in shares of FormFactor by 3,951.3% in the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,541 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after acquiring an additional 370 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the company'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 value of $181,120.00. Following the transaction, the chief executive officer now owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company's stock.

FormFactor Stock Up 1.2 %

FORM stock traded up $0.46 during midday trading on Tuesday, hitting $39.23. The company's stock had a trading volume of 552,161 shares, compared to its average volume of 581,387. 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's fifty day moving average price is $44.63 and its 200 day moving average price is $50.58. The stock has a market capitalization of $3.04 billion, a P/E ratio of 22.55 and a beta of 1.12. FormFactor, Inc. has a twelve month low of $33.36 and a twelve month high of $63.63.

Analyst Ratings Changes

FORM has been the topic of a number of research analyst reports. 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 target price on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. DA Davidson increased their price target on FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. TD Cowen dropped their target price 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. Finally, Stifel Nicolaus raised their price target on shares of FormFactor from $50.00 to $55.00 and gave the company a "hold" rating in a report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.