First Eagle Investment Management LLC Sells 20,714 Shares of FormFactor, Inc. (NASDAQ:FORM)

First Eagle Investment Management LLC reduced its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,447 shares of the semiconductor company's stock after selling 20,714 shares during the period. First Eagle Investment Management LLC owned 0.18% of FormFactor worth $5,816,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FORM. Quadrant Capital Group LLC raised its holdings in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company's stock worth $66,000 after acquiring an additional 260 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of FormFactor by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company's stock worth $767,000 after acquiring an additional 298 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of FormFactor by 3.1% during the 3rd quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company's stock worth $684,000 after acquiring an additional 582 shares in the last quarter. Paralel Advisors LLC raised its holdings in shares of FormFactor by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 60,044 shares of the semiconductor company's stock worth $2,098,000 after acquiring an additional 678 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of FormFactor by 18.5% during the 4th quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company's stock valued at $220,000 after purchasing an additional 824 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Up 2.1 %

Shares of FORM 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. FormFactor, Inc. has a 12-month low of $29.43 and a 12-month high of $57.39. The firm has a market capitalization of $4.30 billion, a P/E ratio of 42.20 and a beta of 1.15. The firm's 50-day moving average is $46.72 and its two-hundred day moving average is $42.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.67.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FORM shares. Craig Hallum boosted their target price on FormFactor from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Citigroup boosted their target price on FormFactor from $37.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, May 2nd. Evercore ISI started coverage on FormFactor in a research report on Tuesday, April 16th. They set an "in-line" rating and a $50.00 target price on the stock. StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a research report on Friday, April 19th. Finally, TD Cowen boosted their target price on FormFactor from $37.00 to $48.00 and gave the company a "hold" rating in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $48.40.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Friday, March 1st. The stock was 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 in the company, valued at approximately $21,680,499.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Dennis Thomas St sold 2,000 shares of the company's stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $43.38, for a total value of $173,520.00. Following the sale, the chief executive officer now owns 499,781 shares of the company's stock, valued at $21,680,499.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,413 shares of company stock worth $2,175,912. 0.96% of the stock is currently owned by company insiders.

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.