Victory Capital Management Inc. Lowers Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Victory Capital Management Inc. lowered its stake in FormFactor, Inc. (NASDAQ:FORM) by 80.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,196 shares of the semiconductor company’s stock after selling 140,682 shares during the period. Victory Capital Management Inc.’s holdings in FormFactor were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the sale, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

FormFactor Price Performance

NASDAQ FORM opened at $41.24 on Tuesday. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $36.11 and a 12 month high of $63.63. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 23.70 and a beta of 1.12. The company’s 50 day moving average is $43.19 and its two-hundred day moving average is $49.79.

Analysts Set New Price Targets

Several research firms recently commented on FORM. TD Cowen reduced their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Needham & Company LLC dropped their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, DA Davidson increased their target price on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, FormFactor has an average rating of “Hold” and an average target price of $55.38.

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.