Wellington Management Group LLP Has $54.57 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Wellington Management Group LLP lessened its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 20.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,186,274 shares of the semiconductor company's stock after selling 303,522 shares during the period. Wellington Management Group LLP owned about 1.53% of FormFactor worth $54,569,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock valued at $77,636,000 after purchasing an additional 612,838 shares during the period. New York State Common Retirement Fund raised its holdings in FormFactor by 876.0% during the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company's stock worth $14,876,000 after purchasing an additional 290,254 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in FormFactor during the second quarter worth $15,893,000. Renaissance Technologies LLC acquired a new stake in FormFactor in the second quarter valued at $13,938,000. Finally, TimesSquare Capital Management LLC increased its position 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 valued at $26,988,000 after buying an additional 134,170 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Down 1.1 %

FORM traded down $0.48 on Thursday, reaching $42.52. The company's stock had a trading volume of 298,480 shares, compared to its average volume of 588,676. The business's 50 day moving average is $42.43 and its 200 day moving average is $48.56. FormFactor, Inc. has a 1 year low of $37.21 and a 1 year high of $63.63. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 24.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the sale, the chief executive officer now owns 526,531 shares of the company's stock, valued at $21,371,893.29. 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 available at the SEC website. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FORM shares. Needham & Company LLC cut their price objective on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. StockNews.com downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Finally, TD Cowen reduced their price target on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.38.

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.