Sanctuary Advisors LLC Sells 3,339 Shares of FormFactor, Inc. (NASDAQ:FORM)

Sanctuary Advisors LLC lessened its stake in FormFactor, Inc. (NASDAQ:FORM) by 18.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,892 shares of the semiconductor company’s stock after selling 3,339 shares during the quarter. Sanctuary Advisors LLC’s holdings in FormFactor were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of FormFactor during the 2nd quarter valued at about $38,000. Redwood Wealth Management Group LLC bought a new position in shares of FormFactor in the 2nd quarter valued at about $43,000. Quarry LP grew its position in FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares in the last quarter. Finally, CWM LLC increased its stake in 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 acquiring an additional 1,044 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Needham & Company LLC lowered their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, TD Cowen lowered their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report 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, FormFactor presently has an average rating of “Hold” and an average price target of $55.38.

FormFactor Stock Performance

FormFactor stock opened at $47.80 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The company has a market capitalization of $3.70 billion, a PE ratio of 27.47 and a beta of 1.12. The company has a 50 day moving average price of $41.99 and a 200-day moving average price of $47.78. FormFactor, Inc. has a fifty-two week low of $37.21 and a fifty-two week 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.