Massachusetts Financial Services Co. MA Trims Stake in FormFactor, Inc. (NASDAQ:FORM)

Massachusetts Financial Services Co. MA lowered its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 969,659 shares of the semiconductor company's stock after selling 73,480 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.25% of FormFactor worth $40,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FORM. GAMMA Investing LLC bought a new position in FormFactor during the 4th quarter valued at about $55,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in FormFactor during the third quarter valued at approximately $70,000. Mackenzie Financial Corp purchased a new stake in FormFactor in the fourth quarter worth approximately $202,000. Ausbil Investment Management Ltd bought a new stake in FormFactor in the 4th quarter worth approximately $208,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of FormFactor during the 4th quarter valued at $209,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of FormFactor stock in a transaction on Friday, May 10th. The shares were sold at an average price of $56.30, for a total value of $112,600.00. Following the sale, the director now directly owns 36,701 shares in the company, valued at approximately $2,066,266.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $56.30, for a total transaction of $112,600.00. Following the completion of the transaction, the director now owns 36,701 shares in the company, valued at approximately $2,066,266.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sheri Rhodes sold 13,319 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total value of $746,130.38. Following the sale, the director now directly owns 7,634 shares in the company, valued at $427,656.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,413 shares of company stock valued at $2,175,912. Corporate insiders own 0.96% of the company's stock.

FormFactor Price Performance

FormFactor stock traded up $1.17 during mid-day trading on Friday, hitting $55.71. The stock had a trading volume of 577,870 shares, compared to its average volume of 631,408. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $46.72 and its 200 day moving average is $42.20. The firm has a market capitalization of $4.30 billion, a P/E ratio of 42.20 and a beta of 1.15. FormFactor, Inc. has a one year low of $29.43 and a one year high of $57.39.

Analyst Ratings Changes

FORM has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on FormFactor from $36.00 to $42.00 and gave the company a "hold" rating in a research report on Tuesday, April 30th. Citigroup raised their price objective on shares of FormFactor from $37.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, May 2nd. StockNews.com cut shares of FormFactor from a "buy" rating to a "hold" rating in a report on Friday, April 19th. Needham & Company LLC lifted their price target on shares of FormFactor from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Finally, Craig Hallum boosted their price objective on shares of FormFactor from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $48.40.

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.