Louisiana State Employees Retirement System Purchases New Holdings in FormFactor, Inc. (NASDAQ:FORM)

Louisiana State Employees Retirement System purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 38,900 shares of the semiconductor company’s stock, valued at approximately $1,623,000.

A number of other institutional investors also recently added to or reduced their stakes in FORM. Belpointe Asset Management LLC boosted its holdings in FormFactor by 170.1% in the 1st quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 684 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in FormFactor in the 3rd quarter valued at approximately $70,000. Tower Research Capital LLC TRC boosted its holdings in FormFactor by 247.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 1,771 shares in the last quarter. CWM LLC boosted its holdings in FormFactor by 124.3% in the 3rd quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in FormFactor by 10.0% in the 1st quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Trading Down 3.2 %

Shares of FormFactor stock opened at $40.76 on Friday. 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 1 year low of $24.88 and a 1 year high of $47.94. The company has a market capitalization of $3.16 billion, a P/E ratio of 38.45 and a beta of 1.18. The business has a 50 day moving average price of $43.57 and a 200 day moving average price of $39.82.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on FORM. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 price objective on shares of FormFactor in a report on Thursday, February 8th. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. TD Cowen boosted their price target on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Evercore ISI assumed coverage on FormFactor in a research note on Tuesday. They set an “in-line” rating and a $50.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.56.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the transaction, the chief executive officer now directly owns 499,781 shares in the company, valued at approximately $21,680,499.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $43.38, for a total value of $173,520.00. Following the completion of the transaction, the chief executive officer now directly owns 499,781 shares in the company, valued at approximately $21,680,499.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $44.51, for a total value of $445,100.00. Following the completion of the transaction, the chief financial officer now owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock worth $1,223,580 in the last ninety days. 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.