Royce & Associates LP Reduces Position in FormFactor, Inc. (NASDAQ:FORM)

Royce & Associates LP reduced its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,350,318 shares of the semiconductor company's stock after selling 143,966 shares during the period. FormFactor comprises 0.6% of Royce & Associates LP's portfolio, making the stock its 25th biggest position. Royce & Associates LP owned about 1.74% of FormFactor worth $62,115,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in shares of FormFactor by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company's stock valued at $2,349,000 after purchasing an additional 200 shares during the period. Xponance Inc. increased its holdings in FormFactor by 5.1% during the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company's stock worth $298,000 after purchasing an additional 241 shares during the period. Arizona State Retirement System raised its position in FormFactor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company's stock valued at $1,315,000 after purchasing an additional 331 shares in the last quarter. CWM LLC lifted its holdings in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after buying an additional 370 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of FormFactor by 21.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company's stock worth $137,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the transaction, the chief executive officer now directly owns 530,276 shares of the company's stock, valued at $24,010,897.28. The trade was 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 accessible through the SEC website. 0.96% of the stock is currently owned by company insiders.

FormFactor Stock Performance

FORM stock traded down $1.89 during trading on Friday, hitting $37.80. 1,058,572 shares of the company traded hands, compared to its average volume of 590,252. The company has a market cap of $2.93 billion, a PE ratio of 22.81 and a beta of 1.12. FormFactor, Inc. has a 1 year low of $36.11 and a 1 year high of $63.63. The stock's 50-day simple moving average is $43.63 and its 200 day simple moving average is $50.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of research reports. TD Cowen lowered their price objective 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. StockNews.com lowered shares of FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. DA Davidson boosted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC dropped their target price on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Five investment 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, the stock currently has an average rating of "Hold" and an average price target of $55.38.

FormFactor Company 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.