Primecap Management Co. CA Has $130.56 Million Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Primecap Management Co. CA trimmed its position in FormFactor, Inc. (NASDAQ:FORM) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,838,164 shares of the semiconductor company’s stock after selling 38,450 shares during the quarter. Primecap Management Co. CA owned 3.67% of FormFactor worth $130,556,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FORM. Advisors Asset Management Inc. boosted its stake in FormFactor by 99.4% in the third 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 in the last quarter. Innealta Capital LLC bought a new stake in shares of FormFactor during the 2nd quarter valued at approximately $38,000. Redwood Wealth Management Group LLC acquired a new position in FormFactor during the 2nd quarter worth approximately $43,000. LRI Investments LLC bought a new position in FormFactor in the 1st quarter valued at approximately $70,000. Finally, Covestor Ltd boosted its position in FormFactor by 3,951.3% in the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 1,541 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen lowered their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. DA Davidson upped their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC decreased their price target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.38.

FormFactor Stock Performance

Shares of FormFactor stock opened at $40.64 on Friday. The business has a 50-day simple moving average of $43.27 and a 200 day simple moving average of $50.08. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 23.36 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor, Inc. has a one year low of $36.11 and a one year high of $63.63.

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.