New York State Common Retirement Fund Increases Holdings in FormFactor, Inc. (NASDAQ:FORM)

New York State Common Retirement Fund lifted its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 876.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 323,387 shares of the semiconductor company's stock after purchasing an additional 290,254 shares during the quarter. New York State Common Retirement Fund owned about 0.42% of FormFactor worth $14,876,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FORM. Bank of New York Mellon Corp raised its stake in shares of FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock worth $77,636,000 after purchasing an additional 612,838 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in FormFactor during the second quarter worth about $15,893,000. Renaissance Technologies LLC acquired a new stake in FormFactor during the second quarter worth about $13,938,000. TimesSquare Capital Management LLC grew its holdings in FormFactor by 60.4% during the first quarter. TimesSquare Capital Management LLC now owns 595,300 shares of the semiconductor company's stock worth $27,164,000 after acquiring an additional 224,075 shares during the period. Finally, Vanguard Group Inc. grew its holdings in FormFactor by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company's stock worth $439,074,000 after acquiring an additional 154,361 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FORM has been the topic of several analyst reports. DA Davidson raised their target price on FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Needham & Company LLC dropped their price objective on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on FormFactor from $50.00 to $55.00 and gave the company a "hold" rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.38.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the transaction, the chief executive officer now owns 534,276 shares in the company, valued at $24,742,321.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.96% of the company's stock.

FormFactor Price Performance

Shares of NASDAQ FORM traded up $2.13 during midday trading on Wednesday, hitting $41.36. The stock had a trading volume of 23,284 shares, compared to its average volume of 578,791. The company has a market capitalization of $3.20 billion, a PE ratio of 22.55 and a beta of 1.12. The stock has a 50 day simple moving average of $44.40 and a 200-day simple moving average of $50.57. FormFactor, Inc. has a 1 year low of $34.07 and a 1 year high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01.

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.