New York State Teachers Retirement System Has $923,000 Stake in FormFactor, Inc. (NASDAQ:FORM)

New York State Teachers Retirement System cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,236 shares of the semiconductor company’s stock after selling 700 shares during the quarter. New York State Teachers Retirement System’s holdings in FormFactor were worth $923,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Riverview Trust Co acquired a new position in shares of FormFactor in the 1st quarter valued at $28,000. GAMMA Investing LLC bought a new position in shares of FormFactor during the fourth quarter worth about $55,000. Quadrant Capital Group LLC raised its holdings in shares of FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in FormFactor in the 3rd quarter valued at $70,000. Finally, Mackenzie Financial Corp bought a new stake in FormFactor during the fourth quarter worth about $202,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Dennis Thomas St sold 2,000 shares of FormFactor stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $56.30, for a total transaction of $112,600.00. Following the sale, the director now directly owns 36,701 shares of the company’s stock, valued at $2,066,266.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sheri Rhodes sold 13,319 shares of FormFactor stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total value of $746,130.38. Following the completion of the transaction, the director now directly owns 7,634 shares of the company’s stock, valued at approximately $427,656.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis Thomas St sold 2,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $56.30, for a total value of $112,600.00. Following the sale, the director now owns 36,701 shares in the company, valued at approximately $2,066,266.30. The disclosure for this sale can be found here. Insiders have sold 37,536 shares of company stock worth $2,023,154 in the last 90 days. Insiders own 0.96% of the company’s stock.

FormFactor Price Performance

Shares of FORM stock traded up $1.16 during trading hours on Tuesday, reaching $55.24. The company’s stock had a trading volume of 673,934 shares, compared to its average volume of 500,608. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $60.78. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 41.85 and a beta of 1.11. The firm’s 50 day simple moving average is $50.76 and its 200-day simple moving average is $44.45.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The company had revenue of $168.73 million for the quarter, compared to analyst estimates of $165.45 million. Sell-side analysts forecast that FormFactor, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FORM shares. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Evercore ISI assumed coverage on shares of FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 target price for the company. Stifel Nicolaus raised their price objective on shares of FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Craig Hallum lifted their price target on FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, TD Cowen upped their price objective on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FormFactor presently has an average rating of “Hold” and an average target price of $48.40.

FormFactor 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.