Teachers Retirement System of The State of Kentucky Has $2.54 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,758 shares of the semiconductor company's stock after acquiring an additional 9,937 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of FormFactor worth $2,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FORM. Wealth Enhancement Advisory Services LLC raised its holdings in shares of FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company's stock valued at $362,000 after purchasing an additional 972 shares during the last quarter. Barclays PLC increased its stake in FormFactor by 351.9% in the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after buying an additional 113,296 shares during the last quarter. Franklin Resources Inc. lifted its position in FormFactor by 5.1% during the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company's stock worth $18,940,000 after buying an additional 18,810 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of FormFactor by 19.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company's stock worth $11,040,000 after buying an additional 40,612 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 1,609 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Performance

Shares of NASDAQ FORM traded down $0.43 during mid-day trading on Wednesday, reaching $27.48. 238,869 shares of the company were exchanged, compared to its average volume of 770,522. The stock has a market capitalization of $2.12 billion, a P/E ratio of 30.87 and a beta of 1.15. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company's 50-day simple moving average is $29.49 and its 200-day simple moving average is $37.56. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. As a group, research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on FORM. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus cut their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Evercore ISI lowered their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and cut their price target for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Finally, Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $48.50.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares in the company, valued at approximately $14,533,716. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company's stock.

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.