FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 3.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,784 shares of the semiconductor company’s stock after selling 795 shares during the quarter. Amalgamated Bank’s holdings in FormFactor were worth $1,048,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Emerald Advisers LLC grew its holdings in shares of FormFactor by 10.3% during the third quarter. Emerald Advisers LLC now owns 604,724 shares of the semiconductor company’s stock valued at $27,817,000 after buying an additional 56,316 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in FormFactor by 55.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 53,427 shares of the semiconductor company’s stock valued at $2,458,000 after purchasing an additional 19,065 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in FormFactor by 348.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 31,015 shares of the semiconductor company’s stock valued at $1,427,000 after purchasing an additional 24,100 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of FormFactor by 2.9% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 478,170 shares of the semiconductor company’s stock valued at $21,996,000 after purchasing an additional 13,329 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of FormFactor by 876.0% in the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after purchasing an additional 290,254 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Down 5.1 %

FORM opened at $40.00 on Thursday. The company has a fifty day moving average of $43.72 and a two-hundred day moving average of $50.48. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 22.99 and a beta of 1.12. FormFactor, Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76.

Wall Street Analyst Weigh In

FORM has been the topic of several research reports. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. DA Davidson increased their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen decreased their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC lowered their price target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Hold” and an average price target of $55.38.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by company insiders.

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.