FormFactor, Inc. (NASDAQ:FORM) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 21.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,967 shares of the semiconductor company’s stock after purchasing an additional 7,061 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of FormFactor worth $1,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System grew its holdings in FormFactor by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after buying an additional 200 shares during the period. Xponance Inc. increased its position in FormFactor by 5.1% during the second quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 241 shares during the last quarter. Arizona State Retirement System raised its stake in FormFactor by 1.5% during the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 331 shares during the period. CWM LLC boosted its holdings in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of FormFactor by 21.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 406 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FORM shares. TD Cowen reduced their target price 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 reduced their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, FormFactor has an average rating of “Hold” and a consensus target price of $55.38.

FormFactor Trading Down 0.2 %

NASDAQ FORM opened at $37.74 on Tuesday. The company’s fifty day simple moving average is $43.48 and its 200-day simple moving average is $50.34. The stock has a market cap of $2.92 billion, a P/E ratio of 21.69 and a beta of 1.12. FormFactor, Inc. has a 52 week low of $36.11 and a 52 week high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

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.