State Board of Administration of Florida Retirement System Sells 9,091 Shares of FormFactor, Inc. (NASDAQ:FORM)

State Board of Administration of Florida Retirement System lessened its holdings in FormFactor, Inc. (NASDAQ:FORM – Get Rating) by 24.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,841 shares of the semiconductor company’s stock after selling 9,091 shares during the period. State Board of Administration of Florida Retirement System’s holdings in FormFactor were worth $619,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC boosted its position in shares of FormFactor by 197.0% during the 3rd quarter. CWM LLC now owns 1,084 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 719 shares during the last quarter. Quadrant Capital Group LLC lifted its position in FormFactor by 469.2% during the third quarter. Quadrant Capital Group LLC now owns 1,201 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 990 shares during the last quarter. Lazard Asset Management LLC grew its stake in FormFactor by 2,305.8% in the 3rd quarter. Lazard Asset Management LLC now owns 2,069 shares of the semiconductor company’s stock worth $51,000 after buying an additional 1,983 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of FormFactor by 10.0% in the 1st quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock worth $130,000 after buying an additional 281 shares during the last quarter. Finally, Journey Strategic Wealth LLC raised its position in shares of FormFactor by 8.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 5,564 shares of the semiconductor company’s stock valued at $234,000 after buying an additional 447 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

FormFactor Stock Up 2.9 %

Shares of NASDAQ FORM opened at $30.86 on Friday. The firm’s fifty day moving average is $29.02 and its 200 day moving average is $26.60. FormFactor, Inc. has a 52 week low of $18.15 and a 52 week high of $42.24. The company has a quick ratio of 2.84, a current ratio of 3.75 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 110.22 and a beta of 1.24.

Wall Street Analysts Forecast Growth

FORM has been the subject of several research reports. Northland Securities cut their target price on shares of FormFactor from $35.00 to $32.00 in a research report on Thursday, May 4th. Needham & Company LLC raised their price objective on FormFactor from $28.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Cowen upped their target price on FormFactor from $25.00 to $32.00 and gave the stock a “market perform” rating in a research note on Thursday, February 9th. StockNews.com started coverage on shares of FormFactor in a research report on Thursday. They set a “hold” rating on the stock. Finally, DA Davidson lowered their price objective on shares of FormFactor from $36.00 to $32.00 in a report on Thursday, May 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and an average price target of $32.22.

Insiders Place Their Bets

In other news, CFO Shai Shahar sold 4,759 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $29.68, for a total transaction of $141,247.12. Following the completion of the transaction, the chief financial officer now directly owns 72,900 shares of the company’s stock, valued at $2,163,672. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.03% of the company’s stock.

FormFactor Company Profile

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FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following business segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment consists of analytical probe solutions for on-wafer probing, board tests, and package tests.