New York State Common Retirement Fund Has $7.92 Million Stake in FormFactor, Inc. (NASDAQ:FORM)

New York State Common Retirement Fund decreased its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 23.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 279,942 shares of the semiconductor company's stock after selling 85,070 shares during the period. New York State Common Retirement Fund owned approximately 0.36% of FormFactor worth $7,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of FormFactor by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after purchasing an additional 484,176 shares during the last quarter. Earnest Partners LLC increased its stake in shares of FormFactor by 10.9% in the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after purchasing an additional 594,426 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of FormFactor by 127.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after purchasing an additional 1,742,493 shares during the last quarter. Bank of America Corp DE increased its stake in shares of FormFactor by 29.9% in the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after purchasing an additional 585,117 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of FormFactor by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock valued at $92,577,000 after purchasing an additional 36,438 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FORM. Evercore ISI decreased their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. B. Riley boosted their price objective on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Finally, DA Davidson reduced their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $42.71.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer directly owned 510,650 shares of the company's stock, valued at $16,197,818. The trade was a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director directly owned 40,957 shares in the company, valued at $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

FormFactor Trading Down 1.7%

Shares of NASDAQ FORM traded down $0.59 during trading on Wednesday, reaching $34.38. The company had a trading volume of 458,842 shares, compared to its average volume of 775,481. The company's fifty day moving average price is $33.65 and its 200-day moving average price is $33.58. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $60.04. The stock has a market cap of $2.65 billion, a P/E ratio of 49.83 and a beta of 1.15. The company has a quick ratio of 3.56, a current ratio of 4.45 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. During the same quarter in the previous year, the company posted $0.18 EPS. The business's revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.