FormFactor, Inc. (NASDAQ:FORM) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in FormFactor, Inc. (NASDAQ:FORM) by 876.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 323,387 shares of the semiconductor company’s stock after acquiring an additional 290,254 shares during the period. New York State Common Retirement Fund owned 0.42% of FormFactor worth $14,876,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its holdings in FormFactor by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after acquiring an additional 200 shares during the last quarter. Xponance Inc. raised its holdings in FormFactor by 5.1% in the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock valued at $298,000 after acquiring an additional 241 shares during the last quarter. Arizona State Retirement System raised its holdings in FormFactor by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 331 shares during the last quarter. CWM LLC raised its holdings in FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in FormFactor by 21.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 406 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Price Performance

FORM stock opened at $39.23 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor, Inc. has a 1 year low of $33.36 and a 1 year high of $63.63. The firm has a market cap of $3.04 billion, a P/E ratio of 22.55 and a beta of 1.12. The stock has a 50-day simple moving average of $44.63 and a 200-day simple moving average of $50.58.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Needham & Company LLC decreased their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, October 31st. TD Cowen cut their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, DA Davidson increased their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.38.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the transaction, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

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.