Charles Schwab Investment Management Inc. Purchases 32,889 Shares of FormFactor, Inc. (NASDAQ:FORM)

Charles Schwab Investment Management Inc. grew its holdings in FormFactor, Inc. (NASDAQ:FORM) by 3.9% during the 3rd quarter, Holdings Channel reports. The firm owned 886,103 shares of the semiconductor company’s stock after purchasing an additional 32,889 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FormFactor were worth $40,761,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings 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 during the period. Innealta Capital LLC bought a new stake in shares of FormFactor during the 2nd quarter valued at $38,000. Redwood Wealth Management Group LLC acquired a new position in shares of FormFactor in the 2nd quarter valued at $43,000. CWM LLC boosted its position in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Up 6.2 %

NASDAQ:FORM opened at $42.56 on Tuesday. The company has a market cap of $3.30 billion, a PE ratio of 23.02 and a beta of 1.12. FormFactor, Inc. has a 52-week low of $36.11 and a 52-week high of $63.63. The stock has a 50-day simple moving average of $42.87 and a 200 day simple moving average of $49.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the transaction, the chief executive officer now owns 526,531 shares of the company’s stock, valued at $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FORM has been the topic of several analyst reports. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. TD Cowen cut 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. Finally, Needham & Company LLC decreased 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Hold” and an average 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.