California Public Employees Retirement System Buys 4,190 Shares of FormFactor, Inc. (NASDAQ:FORM)

California Public Employees Retirement System boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,477 shares of the semiconductor company’s stock after purchasing an additional 4,190 shares during the quarter. California Public Employees Retirement System owned about 0.20% of FormFactor worth $6,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in FormFactor by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock valued at $341,007,000 after buying an additional 224,599 shares during the last quarter. Earnest Partners LLC grew its position in shares of FormFactor by 1.2% in the third quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock valued at $225,386,000 after purchasing an additional 78,466 shares during the last quarter. Sei Investments Co. increased its stake in shares of FormFactor by 15.4% in the third quarter. Sei Investments Co. now owns 1,286,351 shares of the semiconductor company’s stock worth $44,945,000 after purchasing an additional 171,712 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of FormFactor by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock worth $28,501,000 after purchasing an additional 45,248 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in FormFactor by 58.3% during the 3rd quarter. Emerald Advisers LLC now owns 481,911 shares of the semiconductor company’s stock valued at $16,838,000 after purchasing an additional 177,448 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at approximately $21,515,418.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the sale, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at approximately $21,515,418.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total value of $445,100.00. Following the sale, the chief financial officer now owns 27,591 shares in the company, valued at approximately $1,228,075.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,000 shares of company stock valued at $1,398,580. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FORM shares. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Craig Hallum increased their price target on shares of FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC boosted their price objective on shares of FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup upped their price objective on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their target price on FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.30.

FormFactor Stock Up 4.3 %

NASDAQ FORM opened at $54.00 on Friday. FormFactor, Inc. has a 1-year low of $24.88 and a 1-year high of $54.27. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 40.91 and a beta of 1.15. The stock’s 50 day moving average is $44.33 and its two-hundred day moving average is $40.58. The company has a current ratio of 4.51, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The business had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. Equities analysts forecast that FormFactor, Inc. will post 0.63 earnings per share for the current fiscal year.

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.