TimesSquare Capital Management LLC Purchases 134,170 Shares of FormFactor, Inc. (NASDAQ:FORM)

TimesSquare Capital Management LLC boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 29.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 586,700 shares of the semiconductor company's stock after buying an additional 134,170 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.76% of FormFactor worth $26,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Olympiad Research LP acquired a new position in FormFactor in the third quarter valued at about $330,000. Emerald Advisers LLC lifted its position in shares of FormFactor by 10.3% in the third quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company's stock worth $27,817,000 after purchasing an additional 56,316 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in FormFactor by 55.5% during the third quarter. Harbor Capital Advisors Inc. now owns 53,427 shares of the semiconductor company's stock worth $2,458,000 after purchasing an additional 19,065 shares during the last quarter. Janney Montgomery Scott LLC grew its position in FormFactor by 348.5% in the third quarter. Janney Montgomery Scott LLC now owns 31,015 shares of the semiconductor company's stock valued at $1,427,000 after purchasing an additional 24,100 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in FormFactor by 2.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 478,170 shares of the semiconductor company's stock valued at $21,996,000 after buying an additional 13,329 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the sale, the chief executive officer now directly owns 530,276 shares in the company, valued at approximately $24,010,897.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FORM shares. DA Davidson lifted their target price on FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. StockNews.com cut shares of FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Stifel Nicolaus increased their price target on FormFactor from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Tuesday, July 16th. Needham & Company LLC dropped their price objective on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, TD Cowen decreased their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company 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 an average price target of $55.38.

FormFactor Stock Performance

Shares of NASDAQ FORM traded down $0.30 during mid-day trading on Friday, hitting $42.10. The company had a trading volume of 883,241 shares, compared to its average volume of 714,372. The stock's 50-day moving average price is $43.99 and its 200-day moving average price is $50.52. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.20 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1 year low of $34.07 and a 1 year high of $63.63.

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.