FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,838,164 shares of the semiconductor company's stock after selling 38,450 shares during the quarter. Primecap Management Co. CA owned 3.67% of FormFactor worth $130,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FORM. Advisors Asset Management Inc. increased its position in FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 309 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of FormFactor in the 2nd quarter valued at $38,000. Redwood Wealth Management Group LLC acquired a new position in shares of FormFactor during the 2nd quarter valued at $43,000. LRI Investments LLC purchased a new stake in FormFactor during the 1st quarter worth $70,000. Finally, Covestor Ltd increased its holdings in FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 1,541 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Up 1.3 %

FORM traded up $0.55 during trading on Friday, hitting $41.33. The company had a trading volume of 501,178 shares, compared to its average volume of 590,484. The company has a market cap of $3.20 billion, a PE ratio of 23.75 and a beta of 1.12. 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 $36.11 and a 1-year high of $63.63. The business has a 50-day moving average of $43.21 and a 200-day moving average of $49.99.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the sale, the chief executive officer now directly owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This represents a 0.75 % 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

A number of research analysts have commented on FORM shares. StockNews.com cut FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Needham & Company LLC decreased their price target on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, October 31st. DA Davidson increased their price objective on shares of FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock 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.