FormFactor, Inc. (NASDAQ:FORM) Stock Holdings Lifted by Needham Investment Management LLC

Needham Investment Management LLC increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 620,000 shares of the semiconductor company’s stock after acquiring an additional 49,000 shares during the quarter. FormFactor makes up about 2.2% of Needham Investment Management LLC’s holdings, making the stock its 8th largest position. Needham Investment Management LLC’s holdings in FormFactor were worth $28,520,000 at the end of the most recent quarter.

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 third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares during the period. Innealta Capital LLC bought a new stake in shares of FormFactor in the second quarter valued at $38,000. Redwood Wealth Management Group LLC bought a new stake in shares of FormFactor in the second quarter valued at $43,000. CWM LLC raised its stake in shares of FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 370 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of FormFactor by 21.8% in the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 406 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

FormFactor Price Performance

Shares of FORM traded down $0.22 during midday trading on Tuesday, reaching $42.34. The stock had a trading volume of 78,792 shares, compared to its average volume of 589,388. The company’s 50-day moving average is $42.87 and its 200 day moving average is $49.35. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 24.46 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FORM shares. Needham & Company LLC decreased 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. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, TD Cowen decreased their price objective 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 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 company has an average rating of “Hold” and a consensus 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.