Principal Financial Group Inc. Sells 16,924 Shares of FormFactor, Inc. (NASDAQ:FORM)

Principal Financial Group Inc. lessened its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 366,631 shares of the semiconductor company's stock after selling 16,924 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of FormFactor worth $16,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 309 shares during the last quarter. Innealta Capital LLC bought a new stake in FormFactor during the second quarter valued at approximately $38,000. Quarry LP grew its stake in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after buying an additional 523 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new position in FormFactor in the 2nd quarter worth approximately $43,000. Finally, CWM LLC increased its holdings in shares of FormFactor by 57.3% in the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company's stock worth $132,000 after buying an additional 1,044 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, October 31st. TD Cowen dropped 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $55.38.

FormFactor Trading Down 2.4 %

Shares of FORM traded down $1.15 during trading hours on Friday, hitting $45.92. The company had a trading volume of 699,283 shares, compared to its average volume of 620,083. FormFactor, Inc. has a 52-week low of $37.21 and a 52-week high of $63.63. 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 stock's 50 day moving average price is $42.17 and its 200 day moving average price is $47.67. The firm has a market cap of $3.56 billion, a P/E ratio of 26.39 and a beta of 1.12.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.96% of the stock is owned by corporate insiders.

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.