FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 15.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,967 shares of the semiconductor company’s stock after selling 4,292 shares during the quarter. Stifel Financial Corp’s holdings in FormFactor were worth $1,102,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. increased its stake 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 purchased a new stake in shares of FormFactor in the second quarter valued at about $38,000. Redwood Wealth Management Group LLC acquired a new position in shares of FormFactor during the second quarter worth about $43,000. Quarry LP raised its holdings in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares in the last quarter. Finally, CWM LLC lifted its position in FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 1,044 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by insiders.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $42.88 on Monday. The business has a 50 day moving average price of $41.99 and a two-hundred day moving average price of $47.94. FormFactor, Inc. has a fifty-two week low of $37.21 and a fifty-two week high of $63.63. The firm has a market cap of $3.32 billion, a PE ratio of 24.64 and a beta of 1.12. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FORM. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. 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 note on Thursday, October 31st. Finally, Needham & Company LLC reduced their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company 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 company. According to data from MarketBeat, the stock 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.