Thrivent Financial for Lutherans Sells 2,639 Shares of FormFactor, Inc. (NASDAQ:FORM)

Thrivent Financial for Lutherans reduced its stake in FormFactor, Inc. (NASDAQ:FORM) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 426,885 shares of the semiconductor company’s stock after selling 2,639 shares during the period. Thrivent Financial for Lutherans owned 0.55% of FormFactor worth $25,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co bought a new position in shares of FormFactor in the 1st quarter worth $28,000. Innealta Capital LLC bought a new position in FormFactor during the second quarter worth about $38,000. Redwood Wealth Management Group LLC bought a new position in FormFactor during the second quarter worth about $43,000. LRI Investments LLC bought a new position in FormFactor during the first quarter worth about $70,000. Finally, Covestor Ltd lifted its holdings in FormFactor by 3,951.3% during the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 1,541 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on FORM. TD Cowen lifted their target price on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Stifel Nicolaus lifted their target price on FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. B. Riley lifted their target price on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, DA Davidson lifted their price target on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, FormFactor has an average rating of “Hold” and a consensus target price of $59.63.

FormFactor Price Performance

NASDAQ:FORM opened at $43.99 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. The stock’s 50-day simple moving average is $48.06 and its 200 day simple moving average is $50.55. The company has a market cap of $3.40 billion, a P/E ratio of 33.33 and a beta of 1.11. FormFactor, Inc. has a 52-week low of $31.51 and a 52-week high of $63.63.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $197.47 million for the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. As a group, sell-side analysts forecast that FormFactor, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $24,742,321.56. The sale was disclosed in a document filed with the SEC, which is available through this link. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $24,742,321.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,770 shares of company stock valued at $908,894. 0.96% of the stock is owned by insiders.

FormFactor 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.