New York State Common Retirement Fund Has $16.06 Million Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

New York State Common Retirement Fund lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 12.9% in the fourth quarter, according to its most recent 13F filing with the SEC. 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’s holdings in FormFactor were worth $16,061,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. grew its position in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares during the last quarter. Quarry LP grew its holdings in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 523 shares during the last quarter. Manchester Capital Management LLC increased its position in FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 440 shares in the last quarter. US Bancorp DE lifted its stake in FormFactor by 55.9% in the 3rd quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 1,219 shares during the last quarter. Finally, KBC Group NV boosted its position in FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 1,717 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the sale, the chief executive officer now owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 12,000 shares of company stock worth $496,040 over the last three months. 0.96% of the stock is owned by company insiders.

FormFactor Trading Down 5.4 %

Shares of FORM stock opened at $35.38 on Monday. FormFactor, Inc. has a 1-year low of $32.71 and a 1-year high of $63.63. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 39.75 and a beta of 1.07. The stock has a 50-day moving average of $41.76 and a 200-day moving average of $43.19.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, equities research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Evercore ISI lowered their target price on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. TD Cowen cut their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.50.

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.