Stifel Financial Corp Sells 4,292 Shares of FormFactor, Inc. (NASDAQ:FORM)

Stifel Financial Corp trimmed its stake in FormFactor, Inc. (NASDAQ:FORM) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,967 shares of the semiconductor company’s stock after selling 4,292 shares during the period. Stifel Financial Corp’s holdings in FormFactor were worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FORM. Algert Global LLC lifted its position in FormFactor by 134.4% during the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock valued at $2,440,000 after acquiring an additional 30,410 shares during the last quarter. FMR LLC grew its stake in FormFactor by 1,255.5% during the 3rd quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock worth $5,356,000 after buying an additional 107,837 shares during the last quarter. Citigroup Inc. increased its position in FormFactor by 59.4% during the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock valued at $4,867,000 after buying an additional 39,419 shares in the last quarter. Intech Investment Management LLC purchased a new stake in FormFactor in the third quarter valued at about $818,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in FormFactor by 129.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company’s stock worth $3,793,000 after purchasing an additional 46,488 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of recent analyst reports. Needham & Company LLC cut their price target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, TD Cowen cut 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $55.38.

Insider Buying and Selling

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

FormFactor Stock Up 1.0 %

Shares of FORM opened at $42.88 on Monday. The company’s 50-day moving average price is $41.99 and its 200 day moving average price is $47.94. FormFactor, Inc. has a 12-month low of $37.21 and a 12-month high of $63.63. 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 market cap of $3.32 billion, a P/E ratio of 24.64 and a beta of 1.12.

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.