Thrivent Financial for Lutherans Decreases Holdings in FormFactor, Inc. (NASDAQ:FORM)

Thrivent Financial for Lutherans cut its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 85.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,772 shares of the semiconductor company's stock after selling 366,113 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of FormFactor worth $2,796,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in FormFactor during the 2nd quarter worth approximately $38,000. Redwood Wealth Management Group LLC acquired a new position in FormFactor during the 2nd quarter worth about $43,000. LRI Investments LLC acquired a new stake in shares of FormFactor in the first quarter valued at about $70,000. CWM LLC raised its position in shares of FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after acquiring an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company's stock worth $137,000 after acquiring an additional 406 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Down 1.3 %

Shares of FORM traded down $0.51 on Wednesday, reaching $39.31. The company's stock had a trading volume of 708,050 shares, compared to its average volume of 592,052. FormFactor, Inc. has a twelve month low of $36.11 and a twelve month high of $63.63. The stock has a market capitalization of $3.04 billion, a PE ratio of 22.33 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $43.13 and a 200-day moving average of $49.68.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. 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. DA Davidson boosted their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, August 1st. StockNews.com cut shares of FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC dropped their price objective on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock 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 stock. According to data from MarketBeat.com, FormFactor has a consensus rating of "Hold" and a consensus price target of $55.38.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the 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 owns 530,276 shares in the company, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.96% of the company's stock.

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.