State of New Jersey Common Pension Fund D Has $2.44 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

State of New Jersey Common Pension Fund D grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 38.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,431 shares of the semiconductor company's stock after purchasing an additional 15,464 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.07% of FormFactor worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 309 shares during the period. Glenmede Trust Co. NA boosted its position in FormFactor by 7.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company's stock worth $276,000 after acquiring an additional 415 shares during the period. Manchester Capital Management LLC grew its stake in FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 440 shares in the last quarter. Quarry LP increased its holdings in shares of FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 523 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of FormFactor by 9.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,898 shares of the semiconductor company's stock valued at $317,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the transaction, the chief executive officer now directly owns 522,531 shares in the company, valued at approximately $23,221,277.64. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 12,000 shares of company stock valued at $496,040. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Price Performance

Shares of NASDAQ:FORM traded down $2.01 during trading on Friday, reaching $35.38. The stock had a trading volume of 675,683 shares, compared to its average volume of 918,569. The stock has a market capitalization of $2.74 billion, a PE ratio of 39.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 52 week low of $32.71 and a 52 week high of $63.63. The business's 50-day moving average price is $41.90 and its 200 day moving average price is $43.22.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. TD Cowen cut their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Evercore ISI cut their price target 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. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, Stifel Nicolaus lowered their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $48.50.

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.