FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,480 shares of the semiconductor company's stock after purchasing an additional 9,752 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of FormFactor worth $2,133,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its position in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after buying an additional 309 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of FormFactor in the 3rd quarter worth $818,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of FormFactor by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company's stock valued at $40,761,000 after acquiring an additional 32,889 shares in the last quarter. Citigroup Inc. increased its stake in shares of FormFactor by 59.4% during the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company's stock worth $4,867,000 after acquiring an additional 39,419 shares during the period. Finally, Cerity Partners LLC raised its holdings in FormFactor by 27.3% during the third quarter. Cerity Partners LLC now owns 20,715 shares of the semiconductor company's stock worth $953,000 after purchasing an additional 4,438 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

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Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the sale, the chief executive officer now owns 518,531 shares in the company, valued at approximately $20,212,338.38. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FORM shares. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and reduced their target price for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI dropped their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, FormFactor currently has an average rating of "Hold" and an average price target of $48.50.

FormFactor Price Performance

FORM stock traded down $1.08 on Friday, reaching $28.64. The company had a trading volume of 568,882 shares, compared to its average volume of 713,865. The company's fifty day moving average is $35.45 and its 200 day moving average is $40.56. The company has a market cap of $2.22 billion, a P/E ratio of 32.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor, Inc. has a 1 year low of $28.45 and a 1 year high of $63.63.

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

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.