FormFactor, Inc. (NASDAQ:FORM) Holdings Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in FormFactor, Inc. (NASDAQ:FORM) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,866 shares of the semiconductor company’s stock after selling 906 shares during the period. Thrivent Financial for Lutherans’ holdings in FormFactor were worth $2,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FORM. State Street Corp lifted its stake in FormFactor by 1.4% in the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock worth $134,019,000 after acquiring an additional 39,784 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock worth $95,105,000 after purchasing an additional 73,982 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of FormFactor by 30.1% during the fourth quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company’s stock worth $77,312,000 after purchasing an additional 406,768 shares during the period. Channing Capital Management LLC grew its position in FormFactor by 10.3% during the fourth quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company’s stock valued at $67,225,000 after purchasing an additional 142,776 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in FormFactor by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company’s stock valued at $40,499,000 after buying an additional 34,338 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the transaction, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.96% of the stock is owned by insiders.

FormFactor Trading Down 2.5 %

NASDAQ:FORM opened at $29.72 on Friday. The company’s 50 day moving average is $35.74 and its 200-day moving average is $40.68. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $29.44 and a 12 month high of $63.63. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 33.39 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. Equities analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FORM. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI lowered their target price on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their target price on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, FormFactor presently has an average rating of “Hold” and an average target price of $48.50.

About FormFactor

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.