FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,925 shares of the semiconductor company’s stock after selling 858 shares during the quarter. Penserra Capital Management LLC owned 0.09% of FormFactor worth $3,354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FORM. Algert Global LLC boosted its position in shares of FormFactor by 134.4% during the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock valued at $2,440,000 after purchasing an additional 30,410 shares in the last quarter. Cerity Partners LLC boosted its holdings in FormFactor by 27.3% during the third quarter. Cerity Partners LLC now owns 20,715 shares of the semiconductor company’s stock worth $953,000 after buying an additional 4,438 shares in the last quarter. Citigroup Inc. grew its position in FormFactor by 59.4% in the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock worth $4,867,000 after buying an additional 39,419 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of FormFactor by 59.3% in the third quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company’s stock valued at $12,729,000 after buying an additional 112,537 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of FormFactor by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after buying an additional 32,889 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the business’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 directly owns 530,276 shares in the company, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by company insiders.

FormFactor Price Performance

Shares of FORM opened at $41.24 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The firm has a market cap of $3.19 billion, a PE ratio of 23.70 and a beta of 1.12. FormFactor, Inc. has a twelve month low of $36.11 and a twelve month high of $63.63. The firm’s 50 day moving average price is $43.19 and its 200 day moving average price is $49.79.

Analyst Ratings Changes

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