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

Pathstone Holdings LLC reduced its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,418 shares of the semiconductor company’s stock after selling 2,594 shares during the period. Pathstone Holdings LLC owned about 0.09% of FormFactor worth $3,331,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of FormFactor in the second quarter worth $38,000. Redwood Wealth Management Group LLC acquired a new position in FormFactor during the 2nd quarter worth $43,000. LRI Investments LLC purchased a new stake in FormFactor during the 1st quarter worth about $70,000. CWM LLC raised its position in FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 370 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of FormFactor in the 1st quarter valued at about $123,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Up 1.3 %

FormFactor stock opened at $41.33 on Monday. The stock has a 50-day simple moving average of $43.21 and a 200-day simple moving average of $49.90. The company has a market capitalization of $3.20 billion, a P/E ratio of 23.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor, Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $63.63.

Analyst Ratings Changes

Several analysts recently weighed in on FORM shares. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. DA Davidson lifted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. TD Cowen dropped their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC decreased their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, FormFactor currently has a consensus rating of “Hold” and an average price target of $55.38.

Insider Activity

In other 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 approximately $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.