Pier Capital LLC Sells 1,790 Shares of FormFactor, Inc. (NASDAQ:FORM)

Pier Capital LLC reduced its stake in FormFactor, Inc. (NASDAQ:FORM) by 1.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 179,801 shares of the semiconductor company’s stock after selling 1,790 shares during the quarter. Pier Capital LLC’s holdings in FormFactor were worth $8,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its holdings in shares of FormFactor by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after purchasing an additional 200 shares in the last quarter. Xponance Inc. lifted its stake in FormFactor by 5.1% in the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock valued at $298,000 after acquiring an additional 241 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares in the last quarter. Arizona State Retirement System boosted its position in FormFactor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after acquiring an additional 331 shares during the last quarter. Finally, CWM LLC grew its stake in shares of FormFactor by 25.5% during 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 in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FORM. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen lowered their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC reduced their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.38.

FormFactor Price Performance

Shares of FORM opened at $42.27 on Friday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 24.29 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $42.57 and its 200 day simple moving average is $48.90. FormFactor, Inc. has a 1-year low of $36.11 and a 1-year high of $63.63.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.96% of the stock is owned by company insiders.

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.