California Public Employees Retirement System Has $6.53 Million Position in FormFactor, Inc. (NASDAQ:FORM)

California Public Employees Retirement System raised its position in FormFactor, Inc. (NASDAQ:FORM) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,477 shares of the semiconductor company’s stock after purchasing an additional 4,190 shares during the quarter. California Public Employees Retirement System’s holdings in FormFactor were worth $6,527,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FORM. SG Americas Securities LLC acquired a new position in shares of FormFactor during the third quarter worth $427,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of FormFactor by 15.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,098 shares of the semiconductor company’s stock valued at $528,000 after buying an additional 1,989 shares during the period. Emerald Advisers LLC raised its position in shares of FormFactor by 58.3% during the third quarter. Emerald Advisers LLC now owns 481,911 shares of the semiconductor company’s stock worth $16,838,000 after acquiring an additional 177,448 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in shares of FormFactor by 98.2% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 395,440 shares of the semiconductor company’s stock worth $13,817,000 after acquiring an additional 195,898 shares during the period. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in FormFactor by 2.9% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 70,846 shares of the semiconductor company’s stock valued at $2,475,000 after acquiring an additional 2,001 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Up 4.3 %

FORM stock opened at $54.00 on Friday. The stock’s 50 day simple moving average is $44.33 and its 200 day simple moving average is $40.58. The company has a market cap of $4.19 billion, a P/E ratio of 40.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.51. FormFactor, Inc. has a fifty-two week low of $24.88 and a fifty-two week high of $54.27.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The company had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. On average, research analysts expect that FormFactor, Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at approximately $22,776,179.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the transaction, the chief financial officer now directly owns 67,141 shares in the company, valued at $2,827,978.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,000 shares of company stock valued at $1,398,580. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FORM. Evercore ISI initiated coverage on shares of FormFactor in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price target on the stock. Needham & Company LLC boosted their target price on shares of FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. Craig Hallum increased their price target on FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen lifted their price objective on FormFactor from $37.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.30.

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.