PDT Partners LLC Cuts Holdings in FormFactor, Inc. (NASDAQ:FORM)

PDT Partners LLC lowered its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,239 shares of the semiconductor company’s stock after selling 7,542 shares during the period. PDT Partners LLC’s holdings in FormFactor were worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of FormFactor by 21.8% during the 2nd 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 last quarter. First Bank & Trust purchased a new stake in shares of FormFactor during the second quarter valued at about $242,000. Harbor Capital Advisors Inc. boosted its holdings in shares of FormFactor by 90.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock valued at $2,080,000 after buying an additional 16,341 shares in the last quarter. CWM LLC grew 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 buying an additional 370 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of FormFactor by 1.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 41,135 shares of the semiconductor company’s stock worth $2,490,000 after acquiring an additional 676 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

FORM opened at $40.06 on Monday. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63. The firm has a 50 day moving average of $42.87 and a two-hundred day moving average of $49.39. The firm has a market capitalization of $3.10 billion, a PE ratio of 23.02 and a beta of 1.12.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares in the company, valued at $24,010,897.28. This represents 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 the SEC website. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

FORM has been the topic of a number of recent analyst reports. Needham & Company LLC reduced their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, TD Cowen cut their price objective 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.38.

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.