Integrated Investment Consultants LLC Cuts Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Integrated Investment Consultants LLC cut its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,854 shares of the semiconductor company’s stock after selling 497 shares during the period. Integrated Investment Consultants LLC’s holdings in FormFactor were worth $683,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the period. Innealta Capital LLC purchased a new position in shares of FormFactor during the second quarter worth $38,000. Redwood Wealth Management Group LLC purchased a new position in FormFactor in the second quarter valued at $43,000. LRI Investments LLC acquired a new stake in shares of FormFactor in the first quarter valued at about $70,000. Finally, Covestor Ltd grew its position in shares of 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 purchasing an additional 1,541 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares in the company, valued at $24,742,321.56. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.96% of the company’s stock.

FormFactor Stock Performance

FormFactor stock opened at $40.64 on Friday. The company has a market cap of $3.15 billion, a PE ratio of 23.36 and a beta of 1.12. The company has a fifty day moving average price of $43.27 and a two-hundred day moving average price of $50.08. 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 12 month low of $36.11 and a 12 month high of $63.63.

Wall Street Analysts Forecast Growth

FORM has been the topic of several recent analyst reports. TD Cowen decreased their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. DA Davidson boosted their price target on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC lowered their price target 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, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $55.38.

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.