State of New Jersey Common Pension Fund D Grows Stock Holdings in FormFactor, Inc. $FORM

State of New Jersey Common Pension Fund D lifted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,190 shares of the semiconductor company’s stock after purchasing an additional 5,295 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of FormFactor worth $2,106,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. AlphaQuest LLC lifted its position in shares of FormFactor by 217.1% during the 2nd quarter. AlphaQuest LLC now owns 3,076 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 2,106 shares during the last quarter. Ethic Inc. lifted its position in shares of FormFactor by 26.6% during the 2nd quarter. Ethic Inc. now owns 12,983 shares of the semiconductor company’s stock worth $453,000 after purchasing an additional 2,726 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FormFactor during the 2nd quarter worth $733,000. Allspring Global Investments Holdings LLC lifted its position in shares of FormFactor by 62.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 459,253 shares of the semiconductor company’s stock worth $16,042,000 after purchasing an additional 175,994 shares during the last quarter. Finally, LRI Investments LLC lifted its position in shares of FormFactor by 1,205.7% during the 2nd quarter. LRI Investments LLC now owns 3,186 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 2,942 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FormFactor news, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction on Friday, September 12th. The shares were sold at an average price of $30.43, for a total value of $109,548.00. Following the transaction, the director directly owned 35,479 shares in the company, valued at approximately $1,079,625.97. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the transaction, the director owned 13,126 shares in the company, valued at approximately $387,873.30. This represents a 23.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.

FormFactor Trading Up 12.5%

NASDAQ FORM opened at $47.72 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. The firm has a market cap of $3.68 billion, a PE ratio of 85.21 and a beta of 1.28. FormFactor, Inc. has a one year low of $22.58 and a one year high of $50.79. The firm’s fifty day moving average is $35.75 and its two-hundred day moving average is $33.08.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The business had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on FORM shares. Citigroup reiterated a “neutral” rating and set a $31.00 price target (down from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a research note on Wednesday, October 8th. B. Riley upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $47.00 in a research note on Friday, October 10th. Stifel Nicolaus lifted their price target on shares of FormFactor from $31.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Finally, Zacks Research upgraded shares of FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.00.

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.