Arizona State Retirement System Sells 256 Shares of FormFactor, Inc. (NASDAQ:FORM)

Arizona State Retirement System lessened its position in FormFactor, Inc. (NASDAQ:FORM) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 21,709 shares of the semiconductor company’s stock after selling 256 shares during the period. Arizona State Retirement System’s holdings in FormFactor were worth $905,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tudor Investment Corp Et Al increased its stake in FormFactor by 368.7% in the third quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after acquiring an additional 65,889 shares during the last quarter. Dark Forest Capital Management LP grew its stake in shares of FormFactor by 240.4% during the third quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock valued at $826,000 after buying an additional 16,702 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of FormFactor by 2.4% during the third quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock valued at $341,007,000 after buying an additional 224,599 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FormFactor by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock valued at $28,501,000 after buying an additional 45,248 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of FormFactor during the third quarter valued at about $301,000. Institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of recent research reports. StockNews.com raised FormFactor from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $46.00 target price on shares of FormFactor in a report on Thursday, February 8th. TheStreet upgraded shares of FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Evercore ISI began coverage on shares of FormFactor in a report on Tuesday. They set an “in-line” rating and a $50.00 target price for the company. Finally, TD Cowen increased their target price on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.56.

FormFactor Stock Performance

Shares of FORM opened at $44.32 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. FormFactor, Inc. has a one year low of $24.88 and a one year high of $47.94. The company has a 50-day simple moving average of $43.45 and a two-hundred day simple moving average of $39.73. The firm has a market capitalization of $3.43 billion, a PE ratio of 41.81 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The business had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. On average, analysts anticipate that FormFactor, Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at $22,776,179.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the completion of the sale, the chief financial officer now owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,000 shares of company stock worth $1,223,580. 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.