Sanctuary Advisors LLC Sells 3,339 Shares of FormFactor, Inc. (NASDAQ:FORM)

Sanctuary Advisors LLC lessened its stake in FormFactor, Inc. (NASDAQ:FORM) by 18.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,892 shares of the semiconductor company’s stock after selling 3,339 shares during the quarter. Sanctuary Advisors LLC’s holdings in FormFactor were worth $685,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FORM. Advisors Asset Management Inc. raised its stake in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of FormFactor during the 2nd quarter valued at $38,000. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor in the 2nd quarter worth $43,000. Quarry LP raised its stake in FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 523 shares during the last quarter. Finally, CWM LLC boosted its holdings in FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 1,044 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Up 4.2 %

FormFactor stock opened at $47.80 on Wednesday. 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 $3.70 billion, a PE ratio of 27.47 and a beta of 1.12. The stock’s 50 day simple moving average is $41.99 and its two-hundred day simple moving average is $47.78. FormFactor, Inc. has a 12 month low of $37.21 and a 12 month high of $63.63.

Wall Street Analyst Weigh In

Several brokerages recently commented on FORM. Needham & Company LLC decreased their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.38.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by company 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.