Needham Investment Management LLC Has $28.52 Million Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Needham Investment Management LLC boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 620,000 shares of the semiconductor company’s stock after acquiring an additional 49,000 shares during the period. FormFactor makes up approximately 2.2% of Needham Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Needham Investment Management LLC owned 0.80% of FormFactor worth $28,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FORM. Advisors Asset Management Inc. raised its position in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 309 shares during the last quarter. Innealta Capital LLC bought a new position in shares of FormFactor in the second quarter valued at about $38,000. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor during the 2nd quarter worth about $43,000. CWM LLC boosted its holdings in shares of FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after buying an additional 370 shares during the period. Finally, GAMMA Investing LLC grew its stake in FormFactor by 21.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 406 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Down 0.5 %

NASDAQ FORM traded down $0.22 during mid-day trading on Tuesday, reaching $42.34. 78,792 shares of the stock were exchanged, compared to its average volume of 589,388. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The stock has a 50 day simple moving average of $42.87 and a 200-day simple moving average of $49.35. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63. The stock has a market cap of $3.28 billion, a P/E ratio of 24.46 and a beta of 1.12.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FORM shares. Needham & Company LLC dropped their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, October 31st. TD Cowen decreased their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, FormFactor presently has an average rating of “Hold” and an average target price of $55.38.

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.