MML Investors Services LLC Sells 1,718 Shares of FormFactor, Inc. (NASDAQ:FORM)

MML Investors Services LLC lowered its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 21.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,292 shares of the semiconductor company’s stock after selling 1,718 shares during the period. MML Investors Services LLC’s holdings in FormFactor were worth $289,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings 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 buying an additional 309 shares during the period. Innealta Capital LLC acquired a new stake in shares of FormFactor during the 2nd quarter valued at about $38,000. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor during the 2nd quarter valued at about $43,000. Quarry LP increased its stake in FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares during the period. Finally, CWM LLC raised its position in FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other FormFactor 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

FormFactor Trading Up 4.2 %

Shares of FORM opened at $47.80 on Thursday. The stock has a fifty day moving average price of $42.07 and a two-hundred day moving average price of $47.78. 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 company has a market cap of $3.70 billion, a price-to-earnings ratio of 27.47 and a beta of 1.12. FormFactor, Inc. has a 52-week low of $37.21 and a 52-week high of $63.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC decreased their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. TD Cowen decreased their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note 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, 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.