Royce & Associates LP Has $62.12 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Royce & Associates LP cut its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,350,318 shares of the semiconductor company’s stock after selling 143,966 shares during the period. FormFactor comprises about 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 25th largest position. Royce & Associates LP owned about 1.74% of FormFactor worth $62,115,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Innealta Capital LLC bought a new stake in FormFactor in the 2nd quarter valued at $38,000. Redwood Wealth Management Group LLC acquired a new position in FormFactor in the second quarter worth about $43,000. LRI Investments LLC bought a new position in FormFactor during the first quarter worth about $70,000. Covestor Ltd boosted its holdings in FormFactor by 3,951.3% during the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,541 shares in the last quarter. Finally, CWM LLC grew its stake in shares of FormFactor by 25.5% in the 2nd 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 period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

FormFactor Trading Down 0.8 %

FORM opened at $39.69 on Friday. FormFactor, Inc. has a 1-year low of $36.11 and a 1-year high of $63.63. The firm has a 50-day moving average price of $43.63 and a two-hundred day moving average price of $50.41. The stock has a market capitalization of $3.07 billion, a PE ratio of 22.81 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.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, October 1st. The stock was 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 directly owns 530,276 shares in the company, valued at $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

FormFactor 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.