Public Sector Pension Investment Board Reduces Position in FormFactor, Inc. (NASDAQ:FORM)

Public Sector Pension Investment Board decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,166 shares of the semiconductor company’s stock after selling 5,600 shares during the quarter. Public Sector Pension Investment Board owned about 0.21% of FormFactor worth $7,552,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Louisiana State Employees Retirement System grew its holdings in shares of FormFactor by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock worth $2,349,000 after buying an additional 200 shares in the last quarter. Xponance Inc. grew its holdings in shares of FormFactor by 5.1% in the second quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 241 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares during the period. Arizona State Retirement System grew its holdings in shares of FormFactor by 1.5% in the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 331 shares during the period. Finally, CWM LLC grew its holdings in shares of FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FORM. TD Cowen dropped their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Needham & Company LLC dropped their price objective on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.38.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

FormFactor Trading Up 1.9 %

Shares of FORM stock opened at $40.06 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The firm has a market cap of $3.10 billion, a PE ratio of 23.02 and a beta of 1.12. The company has a 50-day moving average of $42.95 and a two-hundred day moving average of $49.53. FormFactor, Inc. has a 1-year low of $36.11 and a 1-year high of $63.63.

About FormFactor

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.