Mutual of America Capital Management LLC Lowers Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Mutual of America Capital Management LLC cut its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 8.2% in the 3rd quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of FormFactor by 91.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after buying an additional 612,838 shares in the last quarter. New York State Common Retirement Fund increased its stake in FormFactor by 876.0% in the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock valued at $14,876,000 after acquiring an additional 290,254 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in FormFactor during the second quarter valued at about $15,893,000. Renaissance Technologies LLC bought a new stake in FormFactor during the second quarter worth about $13,938,000. Finally, TimesSquare Capital Management LLC lifted its stake in FormFactor by 29.6% during the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock worth $26,988,000 after purchasing an additional 134,170 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at FormFactor

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

FormFactor Stock Performance

NASDAQ:FORM opened at $39.82 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor, Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $63.63. The firm has a market cap of $3.08 billion, a PE ratio of 22.89 and a beta of 1.12. The business has a 50 day moving average price of $43.19 and a 200-day moving average price of $49.79.

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.