Charles Schwab Investment Management Inc. Has $40.76 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Charles Schwab Investment Management Inc. grew its stake in FormFactor, Inc. (NASDAQ:FORM) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 886,103 shares of the semiconductor company’s stock after purchasing an additional 32,889 shares during the period. Charles Schwab Investment Management Inc. owned about 1.14% of FormFactor worth $40,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of FormFactor by 21.8% in the second 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 period. Harbor Capital Advisors Inc. raised its holdings in FormFactor by 90.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock valued at $2,080,000 after acquiring an additional 16,341 shares in the last quarter. CWM LLC lifted its position in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 370 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in shares of FormFactor by 1.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 41,135 shares of the semiconductor company’s stock worth $2,490,000 after purchasing an additional 676 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of FormFactor during the 2nd quarter worth approximately $224,000. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the sale, the chief executive officer now owns 526,531 shares of the company’s stock, valued at $21,371,893.29. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

FormFactor Price Performance

Shares of FormFactor stock opened at $42.56 on Tuesday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 23.02 and a beta of 1.12. The firm’s 50-day moving average price is $42.87 and its two-hundred day moving average price is $49.35. 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 1-year low of $36.11 and a 1-year high of $63.63.

FormFactor 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.