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

Primecap Management Co. CA cut its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,799,064 shares of the semiconductor company's stock after selling 39,100 shares during the quarter. Primecap Management Co. CA owned about 3.61% of FormFactor worth $123,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FORM. State of New Jersey Common Pension Fund D boosted its holdings in FormFactor by 21.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,967 shares of the semiconductor company's stock valued at $1,838,000 after purchasing an additional 7,061 shares during the last quarter. Quest Partners LLC boosted its holdings in FormFactor by 24.8% in the 3rd quarter. Quest Partners LLC now owns 7,702 shares of the semiconductor company's stock valued at $354,000 after purchasing an additional 1,529 shares during the last quarter. Jennison Associates LLC acquired a new position in FormFactor in the 3rd quarter valued at about $783,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in FormFactor by 129.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company's stock valued at $3,793,000 after purchasing an additional 46,488 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares in the company, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.96% of the company's stock.

FormFactor Stock Down 3.6 %

FORM stock traded down $1.16 during midday trading on Friday, hitting $31.11. The company's stock had a trading volume of 1,575,364 shares, compared to its average volume of 691,102. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $30.22 and a 52-week high of $63.63. The firm has a market capitalization of $2.41 billion, a P/E ratio of 34.96 and a beta of 1.07. The firm has a 50-day simple moving average of $36.71 and a 200-day simple moving average of $41.04.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. As a group, equities analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on FORM. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI decreased their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Finally, B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.50.

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.