Victory Capital Management Inc. Cuts Holdings in FormFactor, Inc. (NASDAQ:FORM)

Victory Capital Management Inc. decreased its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 80.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,196 shares of the semiconductor company's stock after selling 140,682 shares during the quarter. Victory Capital Management Inc.'s holdings in FormFactor were worth $1,573,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP boosted its position in FormFactor by 1,062.8% during the 3rd quarter. GSA Capital Partners LLP now owns 52,629 shares of the semiconductor company's stock worth $2,421,000 after buying an additional 48,103 shares during the period. Versor Investments LP bought a new position in shares of FormFactor during the third quarter valued at $598,000. Los Angeles Capital Management LLC lifted its holdings in shares of FormFactor by 31.3% during the third quarter. Los Angeles Capital Management LLC now owns 39,306 shares of the semiconductor company's stock worth $1,808,000 after purchasing an additional 9,381 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of FormFactor by 21.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 39,967 shares of the semiconductor company's stock worth $1,838,000 after purchasing an additional 7,061 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in shares of FormFactor by 29.6% in the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company's stock worth $26,988,000 after purchasing an additional 134,170 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the sale, the chief executive officer now owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Needham & Company LLC cut their price objective on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, TD Cowen lowered their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $55.38.

FormFactor Trading Down 3.4 %

Shares of NASDAQ:FORM traded down $1.42 during mid-day trading on Tuesday, hitting $39.82. The company had a trading volume of 660,002 shares, compared to its average volume of 591,545. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63. The firm has a fifty day moving average price of $43.19 and a 200 day moving average price of $49.79. The company has a market capitalization of $3.08 billion, a PE ratio of 22.89 and a beta of 1.12.

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.