New York State Common Retirement Fund Purchases 41,625 Shares of FormFactor, Inc. (NASDAQ:FORM)

New York State Common Retirement Fund lifted its position in FormFactor, Inc. (NASDAQ:FORM) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,012 shares of the semiconductor company’s stock after buying an additional 41,625 shares during the period. New York State Common Retirement Fund owned about 0.47% of FormFactor worth $16,061,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FORM. TimesSquare Capital Management LLC grew its stake in FormFactor by 29.6% in the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock valued at $26,988,000 after acquiring an additional 134,170 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of FormFactor by 91.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company’s stock valued at $11,396,000 after purchasing an additional 123,333 shares in the last quarter. Barclays PLC grew its position in shares of FormFactor by 351.9% in the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock valued at $6,692,000 after purchasing an additional 113,296 shares during the period. Eagle Asset Management Inc. increased its stake in FormFactor by 59.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company’s stock worth $12,729,000 after purchasing an additional 112,537 shares in the last quarter. Finally, FMR LLC raised its holdings 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 period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FORM shares. TD Cowen reduced their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and cut their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Evercore ISI decreased their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, FormFactor has a consensus rating of “Hold” and an average target price of $48.50.

FormFactor Stock Performance

FORM opened at $35.38 on Monday. The business’s 50-day simple moving average is $41.76 and its 200 day simple moving average is $43.19. FormFactor, Inc. has a 52-week low of $32.71 and a 52-week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The firm has a market capitalization of $2.74 billion, a PE ratio of 39.75 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. As a group, sell-side analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 12,000 shares of company stock worth $496,040 over the last quarter. 0.96% of the stock is currently owned by 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.