New York State Common Retirement Fund Has $14.88 Million Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

New York State Common Retirement Fund raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 876.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm 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 0.42% of FormFactor worth $14,876,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FORM. Innealta Capital LLC acquired a new position in shares of FormFactor in the 2nd quarter valued at $38,000. Redwood Wealth Management Group LLC acquired a new stake in FormFactor during the second quarter valued at approximately $43,000. LRI Investments LLC bought a new stake in shares of FormFactor in the 1st quarter valued at approximately $70,000. Covestor Ltd raised its holdings in shares of FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,541 shares in the last quarter. Finally, CWM LLC lifted its position in shares of FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after buying an additional 370 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FORM shares. TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research note on Thursday, October 31st. DA Davidson upped their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC cut their target price on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Stifel Nicolaus increased their target price on FormFactor from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $55.38.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the sale, the chief executive officer now owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is currently owned by company insiders.

FormFactor Trading Up 6.0 %

NASDAQ:FORM traded up $2.37 on Wednesday, hitting $41.60. 624,967 shares of the stock were exchanged, compared to its average volume of 581,590. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor, Inc. has a 52 week low of $34.07 and a 52 week high of $63.63. The company's 50-day moving average price is $44.40 and its 200 day moving average price is $50.57.

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.