FormFactor, Inc. $FORM Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in FormFactor, Inc. (NASDAQ:FORM) by 51.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,086 shares of the semiconductor company’s stock after selling 11,523 shares during the period. Maryland State Retirement & Pension System’s holdings in FormFactor were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in FormFactor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after buying an additional 2,001 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of FormFactor by 870.3% in the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of FormFactor by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after acquiring an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in FormFactor by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock worth $4,922,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after purchasing an additional 8,194 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 13,088 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $76.81, for a total transaction of $1,005,289.28. Following the sale, the chief executive officer owned 472,907 shares in the company, valued at approximately $36,323,986.67. This represents a 2.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis Thomas St sold 2,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $49.85, for a total value of $99,700.00. Following the completion of the sale, the director owned 38,957 shares in the company, valued at $1,942,006.45. This represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,466 shares of company stock worth $4,683,377 over the last ninety days. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FORM shares. TD Cowen reiterated a “hold” rating on shares of FormFactor in a research report on Thursday, October 30th. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Northland Securities set a $44.00 target price on FormFactor in a report on Thursday, October 30th. DA Davidson set a $55.00 target price on shares of FormFactor in a research report on Thursday, October 30th. Finally, B. Riley reaffirmed a “buy” rating on shares of FormFactor in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, FormFactor has an average rating of “Moderate Buy” and an average price target of $64.13.

FormFactor Trading Down 9.6%

NASDAQ:FORM opened at $73.20 on Friday. The company has a market capitalization of $5.67 billion, a PE ratio of 140.77 and a beta of 1.12. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $85.49. The stock has a fifty day simple moving average of $60.58 and a 200-day simple moving average of $45.06. The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01.

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.