Harbor Capital Advisors Inc. Sells 2,791 Shares of FormFactor, Inc. (NASDAQ:FORM)

Harbor Capital Advisors Inc. lowered its stake in FormFactor, Inc. (NASDAQ:FORM) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,636 shares of the semiconductor company’s stock after selling 2,791 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.07% of FormFactor worth $2,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FORM. Advisors Asset Management Inc. lifted 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 valued at $29,000 after acquiring an additional 309 shares in the last quarter. Quarry LP raised its stake in shares of FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 523 shares during the period. Redwood Wealth Management Group LLC bought a new stake in shares of FormFactor in the second quarter valued at about $43,000. CWM LLC boosted its position in shares of FormFactor by 57.3% during the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after buying an additional 1,044 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of FormFactor by 49.6% during the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after buying an additional 1,123 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on FORM. TD Cowen cut their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reduced their target price 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, Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

FormFactor Stock Performance

Shares of FORM opened at $44.22 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The firm has a 50-day moving average of $42.54 and a 200-day moving average of $46.71. The company has a market cap of $3.42 billion, a PE ratio of 25.41 and a beta of 1.08. FormFactor, Inc. has a one year low of $37.25 and a one year high of $63.63.

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.