Pathstone Holdings LLC Decreases Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Pathstone Holdings LLC cut its stake in FormFactor, Inc. (NASDAQ:FORM) by 3.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 72,418 shares of the semiconductor company’s stock after selling 2,594 shares during the quarter. Pathstone Holdings LLC’s holdings in FormFactor were worth $3,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in FormFactor in the 1st quarter valued at approximately $123,000. Vanguard Group Inc. raised its stake in shares of FormFactor by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after buying an additional 154,361 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of FormFactor by 29.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,998 shares of the semiconductor company’s stock worth $365,000 after buying an additional 1,811 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in FormFactor by 4.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 86,555 shares of the semiconductor company’s stock valued at $3,948,000 after acquiring an additional 3,664 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in FormFactor during the 1st quarter valued at about $70,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now owns 530,276 shares in the company, valued at $24,010,897.28. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FORM. TD Cowen lowered 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. DA Davidson raised their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reduced their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five equities 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, the company currently has an average rating of “Hold” and a consensus target price of $55.38.

FormFactor Stock Up 1.3 %

FORM opened at $41.33 on Monday. FormFactor, Inc. has a 12 month low of $36.11 and a 12 month high of $63.63. The business has a 50-day moving average of $43.21 and a two-hundred day moving average of $49.90. 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 stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.75 and a beta of 1.12.

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.