FormFactor, Inc. (NASDAQ:FORM) Stake Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,098 shares of the semiconductor company's stock after selling 16,668 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of FormFactor worth $5,203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings 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 buying an additional 309 shares during the last quarter. Innealta Capital LLC bought a new position in FormFactor in the second quarter worth about $38,000. Redwood Wealth Management Group LLC acquired a new position in FormFactor in the second quarter valued at approximately $43,000. CWM LLC grew its holdings in shares of FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock valued at $110,000 after purchasing an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of FormFactor by 49.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company's stock worth $156,000 after purchasing an additional 1,123 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred 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 directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. 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 company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FORM shares. StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. TD Cowen reduced their target price 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. Finally, 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 research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, FormFactor presently has a consensus rating of "Hold" and a consensus target price of $55.38.

FormFactor Price Performance

Shares of FORM traded down $0.23 during midday trading on Thursday, reaching $42.77. The stock had a trading volume of 721,832 shares, compared to its average volume of 590,474. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market capitalization of $3.31 billion, a P/E ratio of 24.51 and a beta of 1.12. The firm's 50 day moving average price is $42.43 and its 200-day moving average price is $48.56. FormFactor, Inc. has a 52 week low of $37.21 and a 52 week high of $63.63.

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.