California Public Employees Retirement System Boosts Holdings in FormFactor, Inc. (NASDAQ:FORM)

California Public Employees Retirement System boosted its position in FormFactor, Inc. (NASDAQ:FORMGet Rating) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,959 shares of the semiconductor company’s stock after buying an additional 2,940 shares during the period. California Public Employees Retirement System owned approximately 0.23% of FormFactor worth $6,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Texas Permanent School Fund grew its position in FormFactor by 1.8% in the 2nd quarter. Texas Permanent School Fund now owns 56,440 shares of the semiconductor company’s stock valued at $2,186,000 after buying an additional 995 shares during the last quarter. Los Angeles Capital Management LLC grew its position in FormFactor by 12.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 24,010 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 2,700 shares during the last quarter. Montanaro Asset Management Ltd purchased a new position in FormFactor in the 2nd quarter valued at $3,040,000. Royce & Associates LP grew its position in FormFactor by 25.2% in the 2nd quarter. Royce & Associates LP now owns 2,294,895 shares of the semiconductor company’s stock valued at $88,881,000 after buying an additional 462,292 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in FormFactor by 12.9% in the 2nd quarter. Fifth Third Bancorp now owns 18,895 shares of the semiconductor company’s stock valued at $732,000 after buying an additional 2,158 shares during the last quarter. 95.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. DA Davidson lowered their price objective on shares of FormFactor from $40.00 to $32.00 in a research report on Thursday, October 27th. Citigroup reduced their target price on FormFactor from $42.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 4th. B. Riley reduced their target price on FormFactor from $40.00 to $30.00 in a report on Thursday, October 27th. TheStreet downgraded FormFactor from a “b-” rating to a “c+” rating in a report on Thursday, September 22nd. Finally, Cowen reduced their target price on FormFactor to $25.00 in a report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, FormFactor presently has an average rating of “Moderate Buy” and a consensus target price of $31.88.

FormFactor Trading Up 1.1 %

NASDAQ:FORM opened at $22.80 on Thursday. The company has a market capitalization of $1.76 billion, a PE ratio of 19.83 and a beta of 1.14. The company has a quick ratio of 2.35, a current ratio of 3.15 and a debt-to-equity ratio of 0.02. FormFactor, Inc. has a 52-week low of $18.15 and a 52-week high of $47.48. The stock has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $31.81.

FormFactor Company Profile

(Get Rating)

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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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