Thrivent Financial for Lutherans Has $2.80 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Thrivent Financial for Lutherans cut its stake in FormFactor, Inc. (NASDAQ:FORM) by 85.8% during the third quarter, according to its most recent disclosure 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’ holdings in FormFactor were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System increased its position in FormFactor by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock worth $2,349,000 after purchasing an additional 200 shares during the last quarter. Xponance Inc. grew its stake in shares of FormFactor by 5.1% in the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 241 shares in the last quarter. Arizona State Retirement System increased its holdings in FormFactor by 1.5% in the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after buying an additional 331 shares during the last quarter. CWM LLC raised its position in FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 370 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in FormFactor by 21.8% in the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 406 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the transaction, the chief executive officer now owns 534,276 shares in the company, valued at approximately $24,742,321.56. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

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

FormFactor Price Performance

NASDAQ FORM opened at $39.82 on Wednesday. The stock has a 50-day simple moving average of $43.19 and a 200 day simple moving average of $49.79. 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 $3.08 billion, a PE ratio of 22.89 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.

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.