Intech Investment Management LLC Sells 16,091 Shares of FormFactor, Inc. $FORM

Key Points

• Intech Investment Management sold 16,091 shares of FormFactor, reducing its stake by 30.1% to 37,440 shares, valued at about $1.29 million per the recent SEC filing.
• Insiders have been net sellers: directors Kelley Steven‑Waiss and Dennis Thomas St. recently sold shares, and insiders sold a total of 14,003 shares worth $629,902 in the last 90 days (insiders own 0.90% of the stock).
• Analyst sentiment is mixed with a market consensus of "Hold" and an average price target of $53.13, though Cantor Fitzgerald rates the stock "Overweight" with a $75 target.

Intech Investment Management LLC reduced its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 30.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,440 shares of the semiconductor company's stock after selling 16,091 shares during the quarter. Intech Investment Management LLC's holdings in FormFactor were worth $1,288,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CWM LLC boosted its stake in FormFactor by 19.9% during the 1st quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after purchasing an additional 382 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of FormFactor by 282.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock worth $25,000 after buying an additional 547 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of FormFactor by 2.8% in the first quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock worth $612,000 after acquiring an additional 599 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of FormFactor by 27.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,866 shares of the semiconductor company's stock worth $99,000 after acquiring an additional 617 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in FormFactor by 3.9% during the first quarter. HighTower Advisors LLC now owns 18,685 shares of the semiconductor company's stock worth $529,000 after acquiring an additional 709 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 3,600 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the sale, the director directly owned 35,479 shares in the company, valued at $1,079,625.97. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dennis Thomas St sold 2,000 shares of FormFactor stock in a transaction on Monday, November 17th. The shares were sold at an average price of $49.85, for a total value of $99,700.00. Following the transaction, the director directly owned 38,957 shares of the company's stock, valued at approximately $1,942,006.45. The trade was a 4.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,003 shares of company stock valued at $629,902 in the last 90 days. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FORM has been the subject of a number of research reports. Cantor Fitzgerald assumed coverage on shares of FormFactor in a report on Tuesday, November 18th. They issued an "overweight" rating and a $75.00 price target for the company. Northland Securities set a $44.00 target price on FormFactor in a research report on Thursday, October 30th. B. Riley reaffirmed a "buy" rating on shares of FormFactor in a report on Thursday, October 30th. Wall Street Zen upgraded FormFactor from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of FormFactor in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $53.13.

FormFactor Stock Up 1.4%

NASDAQ FORM opened at $49.42 on Monday. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $61.10. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 95.04 and a beta of 1.37. The stock's 50 day moving average is $43.57 and its two-hundred day moving average is $36.07. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

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.

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