Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $681,000 Holdings in FormFactor, Inc. $FORM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in FormFactor, Inc. (NASDAQ:FORM) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,789 shares of the semiconductor company’s stock after buying an additional 1,254 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FormFactor were worth $681,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FORM. Bank of New York Mellon Corp lifted its position in shares of FormFactor by 170.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock valued at $72,069,000 after acquiring an additional 1,319,345 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in FormFactor during the 1st quarter valued at $25,838,000. Reinhart Partners LLC. raised its stake in FormFactor by 64.8% during the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock valued at $65,541,000 after purchasing an additional 749,088 shares during the period. Select Equity Group L.P. lifted its holdings in shares of FormFactor by 459.5% in the first quarter. Select Equity Group L.P. now owns 345,782 shares of the semiconductor company’s stock valued at $9,782,000 after purchasing an additional 283,983 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in shares of FormFactor in the second quarter worth $9,684,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 8,403 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $50.06, for a total transaction of $420,654.18. Following the transaction, the chief executive officer owned 533,270 shares of the company’s stock, valued at approximately $26,695,496.20. This represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kelley Steven-Waiss sold 3,600 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 35,479 shares in the company, valued at $1,079,625.97. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,003 shares of company stock valued at $629,902 over the last three months. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on FORM shares. TD Cowen upped their price target on FormFactor from $35.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Cantor Fitzgerald started coverage on FormFactor in a research note on Tuesday, November 18th. They set an “overweight” rating and a $75.00 target price on the stock. Evercore ISI increased their price target on shares of FormFactor from $31.00 to $50.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. DA Davidson set a $55.00 price target on shares of FormFactor in a report on Thursday, October 30th. Finally, Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $62.00 in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.13.

FormFactor Price Performance

NASDAQ FORM opened at $51.49 on Tuesday. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.99 billion, a PE ratio of 99.02 and a beta of 1.37. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $61.10. The company has a 50 day moving average price of $43.99 and a two-hundred day moving average price of $36.22.

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.