Everence Capital Management Inc. Sells 1,240 Shares of FormFactor, Inc. (NASDAQ:FORM)

Everence Capital Management Inc. lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,210 shares of the semiconductor company’s stock after selling 1,240 shares during the quarter. Everence Capital Management Inc.’s holdings in FormFactor were worth $449,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp grew its holdings in FormFactor by 1.4% during the third quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after purchasing an additional 39,784 shares during the last quarter. Geode Capital Management LLC raised its holdings in FormFactor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock worth $95,105,000 after acquiring an additional 73,982 shares during the period. Massachusetts Financial Services Co. MA lifted its position in FormFactor by 8.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock worth $48,928,000 after acquiring an additional 79,191 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FormFactor by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after purchasing an additional 32,889 shares during the last quarter. Finally, Needham Investment Management LLC increased its stake in shares of FormFactor by 8.6% in the third quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock worth $28,520,000 after purchasing an additional 49,000 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Needham & Company LLC lowered their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. TD Cowen cut their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and an average price target of $55.38.

FormFactor Trading Up 0.5 %

Shares of FormFactor stock opened at $44.46 on Monday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 25.55 and a beta of 1.12. FormFactor, Inc. has a 12-month low of $37.21 and a 12-month high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $42.22 and a 200 day simple moving average of $47.09.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the transaction, the chief executive officer now owns 522,531 shares in the company, valued at approximately $23,221,277.64. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

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.