New York State Common Retirement Fund Sells 85,070 Shares of FormFactor, Inc. (NASDAQ:FORM)

New York State Common Retirement Fund lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 23.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 279,942 shares of the semiconductor company’s stock after selling 85,070 shares during the period. New York State Common Retirement Fund owned about 0.36% of FormFactor worth $7,920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in FormFactor by 52.3% during the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company’s stock worth $149,000 after buying an additional 1,813 shares during the last quarter. Janney Montgomery Scott LLC increased its position in FormFactor by 104.4% during the first quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company’s stock worth $431,000 after buying an additional 7,787 shares during the last quarter. Swiss National Bank increased its position in FormFactor by 0.9% during the fourth quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company’s stock worth $6,697,000 after buying an additional 1,400 shares during the last quarter. Teacher Retirement System of Texas increased its position in FormFactor by 25.2% during the fourth quarter. Teacher Retirement System of Texas now owns 48,480 shares of the semiconductor company’s stock worth $2,133,000 after buying an additional 9,752 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in FormFactor by 118.1% during the fourth quarter. JPMorgan Chase & Co. now owns 509,399 shares of the semiconductor company’s stock worth $22,414,000 after buying an additional 275,824 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

NASDAQ FORM opened at $35.28 on Friday. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 51.13 and a beta of 1.15. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $60.73. The stock has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $33.71. The company has a quick ratio of 3.56, a current ratio of 4.45 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The firm had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same period last year, the business posted $0.18 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

FORM has been the topic of several research reports. DA Davidson decreased their target price on FormFactor from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, May 1st. Evercore ISI reduced their price target on FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research report on Thursday, May 1st. Finally, B. Riley increased their price target on FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.71.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer owned 510,650 shares of the company’s stock, valued at approximately $16,197,818. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the completion of the transaction, the director directly owned 40,957 shares in the company, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

FormFactor 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.