Louisiana State Employees Retirement System Cuts Stake in FormFactor, Inc. (NASDAQ:FORM)

Louisiana State Employees Retirement System reduced its position in FormFactor, Inc. (NASDAQ:FORM) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,400 shares of the semiconductor company’s stock after selling 1,400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in FormFactor were worth $1,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. grew its holdings in FormFactor by 5.1% in the second quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 241 shares during the last quarter. Arizona State Retirement System grew its holdings in FormFactor by 1.5% in the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 331 shares during the last quarter. CWM LLC grew its holdings in FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 370 shares during the last quarter. GAMMA Investing LLC grew its holdings in FormFactor by 21.8% in the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 406 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in FormFactor by 9.2% in the second quarter. Federated Hermes Inc. now owns 5,272 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 445 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FORM shares. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective on shares of FormFactor in a research note on Thursday, August 1st. Stifel Nicolaus lifted their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. DA Davidson lifted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen lifted their price objective on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, FormFactor currently has a consensus rating of “Hold” and an average target price of $59.63.

FormFactor Trading Down 3.0 %

NASDAQ FORM opened at $43.81 on Thursday. The company has a market capitalization of $3.38 billion, a PE ratio of 33.19 and a beta of 1.11. The company has a fifty day moving average of $45.32 and a 200 day moving average of $50.63. FormFactor, Inc. has a 1 year low of $32.16 and a 1 year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.64.

FormFactor (NASDAQ:FORM) last posted 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 company had revenue of $197.47 million during the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. Research analysts forecast that FormFactor, Inc. will post 0.74 earnings per share for the current year.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now owns 534,276 shares in the company, valued at approximately $24,742,321.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the completion of the transaction, the chief executive officer now owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,770 shares of company stock worth $650,294. Company insiders own 0.96% of the company’s stock.

FormFactor Company 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.