Mutual of America Capital Management LLC Sells 1,044 Shares of FormFactor, Inc. (NASDAQ:FORM)

Mutual of America Capital Management LLC decreased its stake in FormFactor, Inc. (NASDAQ:FORM) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,640 shares of the semiconductor company’s stock after selling 1,044 shares during the period. Mutual of America Capital Management LLC’s holdings in FormFactor were worth $535,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of FormFactor in the 2nd quarter worth approximately $38,000. Redwood Wealth Management Group LLC purchased a new stake in FormFactor in the second quarter worth $43,000. LRI Investments LLC bought a new stake in shares of FormFactor in the first quarter valued at $70,000. CWM LLC lifted its position in shares of FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of FormFactor by 21.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 406 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FORM. Needham & Company LLC lowered their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. TD Cowen lowered their price target 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. DA Davidson upped their price target on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.38.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $39.82 on Wednesday. The company has a 50 day moving average of $43.19 and a 200 day moving average of $49.79. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.08 billion, a P/E ratio of 22.89 and a beta of 1.12. FormFactor, Inc. has a 12 month low of $36.11 and a 12 month high of $63.63.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the sale, the chief executive officer now owns 534,276 shares in the company, valued at approximately $24,742,321.56. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

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.