Swiss National Bank Sells 16,600 Shares of FormFactor, Inc. (NASDAQ:FORM)

Swiss National Bank lessened its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,000 shares of the semiconductor company's stock after selling 16,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of FormFactor worth $6,382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tudor Investment Corp Et Al raised its position in shares of FormFactor by 368.7% during the 3rd quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company's stock worth $2,927,000 after acquiring an additional 65,889 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in FormFactor by 240.4% during the third quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company's stock worth $826,000 after purchasing an additional 16,702 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of FormFactor by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company's stock worth $341,007,000 after buying an additional 224,599 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FormFactor by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company's stock valued at $28,501,000 after buying an additional 45,248 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of FormFactor in the 3rd quarter valued at $301,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the completion of the sale, the chief executive officer now directly owns 499,781 shares of the company's stock, valued at approximately $21,680,499.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the transaction, the chief executive officer now owns 499,781 shares in the company, valued at approximately $21,680,499.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shai Shahar sold 6,094 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $55.76, for a total value of $339,801.44. Following the completion of the transaction, the chief financial officer now directly owns 15,669 shares in the company, valued at $873,703.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,413 shares of company stock valued at $2,175,912. 0.96% of the stock is owned by insiders.

FormFactor Price Performance

NASDAQ:FORM traded down $0.26 during mid-day trading on Thursday, hitting $54.54. 909,853 shares of the company's stock traded hands, compared to its average volume of 489,253. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51. The company has a market cap of $4.23 billion, a PE ratio of 41.32 and a beta of 1.15. The firm's 50 day simple moving average is $46.49 and its 200 day simple moving average is $41.98. FormFactor, Inc. has a 1 year low of $29.16 and a 1 year high of $57.39.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FORM. B. Riley upped their target price on FormFactor from $52.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Stifel Nicolaus upped their price target on shares of FormFactor from $36.00 to $42.00 and gave the company a "hold" rating in a research report on Tuesday, April 30th. TD Cowen increased their price target on shares of FormFactor from $37.00 to $48.00 and gave the stock a "hold" rating in a research note on Thursday, May 2nd. Craig Hallum lifted their price objective on shares of FormFactor from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Finally, TheStreet upgraded shares of FormFactor from a "c" rating to a "b-" rating in a research note on Thursday, February 8th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $47.30.

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.