Point72 Asset Management L.P. Has $64,000 Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Point72 Asset Management L.P. trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 92.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,399 shares of the semiconductor company's stock after selling 17,022 shares during the period. Point72 Asset Management L.P.'s holdings in FormFactor were worth $64,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FORM. Bank of New York Mellon Corp grew its stake in FormFactor by 91.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock valued at $77,636,000 after acquiring an additional 612,838 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in FormFactor by 8.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company's stock valued at $48,928,000 after purchasing an additional 79,191 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in FormFactor by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company's stock valued at $40,761,000 after buying an additional 32,889 shares during the period. Needham Investment Management LLC lifted its position in FormFactor by 8.6% in the 3rd quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company's stock worth $28,520,000 after buying an additional 49,000 shares in the last quarter. Finally, Emerald Advisers LLC boosted its stake in shares of FormFactor by 10.3% during the 3rd quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company's stock valued at $27,817,000 after buying an additional 56,316 shares during the period. Institutional investors own 98.76% of the company's stock.

FormFactor Stock Performance

FORM stock traded down $0.27 on Friday, reaching $42.50. 867,628 shares of the company were exchanged, compared to its average volume of 591,624. 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 12 month low of $37.21 and a 12 month high of $63.63. The stock's fifty day moving average price is $42.32 and its 200 day moving average price is $48.34. The firm has a market capitalization of $3.29 billion, a PE ratio of 24.43 and a beta of 1.12.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the transaction, the chief executive officer now owns 526,531 shares of the company's stock, valued at $21,371,893.29. This 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 this hyperlink. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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