NJ State Employees Deferred Compensation Plan Makes New Investment in FormFactor, Inc. (NASDAQ:FORM)

NJ State Employees Deferred Compensation Plan purchased a new position in FormFactor, Inc. (NASDAQ:FORM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the semiconductor company’s stock, valued at approximately $209,000.

Several other large investors also recently modified their holdings of the business. CWM LLC grew its holdings in shares of FormFactor by 124.3% during the third quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after buying an additional 1,530 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of FormFactor during the third quarter worth about $427,000. Reinhart Partners LLC. boosted its position in FormFactor by 2.5% during the third quarter. Reinhart Partners LLC. now owns 834,698 shares of the semiconductor company’s stock valued at $29,164,000 after purchasing an additional 20,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of FormFactor by 15.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,098 shares of the semiconductor company’s stock valued at $528,000 after buying an additional 1,989 shares during the last quarter. Finally, Emerald Advisers LLC lifted its position in shares of FormFactor by 58.3% in the third quarter. Emerald Advisers LLC now owns 481,911 shares of the semiconductor company’s stock valued at $16,838,000 after buying an additional 177,448 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

NASDAQ FORM traded up $0.89 during trading hours on Friday, reaching $44.75. 368,632 shares of the stock traded hands, compared to its average volume of 449,093. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 41.38 and a beta of 1.18. The stock has a 50 day simple moving average of $43.57 and a two-hundred day simple moving average of $40.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. FormFactor, Inc. has a 1 year low of $24.88 and a 1 year high of $47.94.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. On average, analysts predict that FormFactor, Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FORM. TD Cowen increased their target price on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price target on shares of FormFactor in a research note on Thursday, February 8th. Evercore ISI assumed coverage on FormFactor in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price target on the stock. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Finally, StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, FormFactor has an average rating of “Hold” and an average target price of $42.56.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the completion of the transaction, the chief executive officer now directly owns 499,781 shares in the company, valued at approximately $21,680,499.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the completion of the transaction, the chief financial officer now owns 27,591 shares of the company’s stock, valued at approximately $1,228,075.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $43.38, for a total transaction of $173,520.00. Following the transaction, the chief executive officer now directly owns 499,781 shares of the company’s stock, valued at approximately $21,680,499.78. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $1,223,580 in the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

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.