Police & Firemen s Retirement System of New Jersey Purchases 996 Shares of FormFactor, Inc. $FORM

Police & Firemen s Retirement System of New Jersey raised its position in FormFactor, Inc. (NASDAQ:FORM) by 6.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,478 shares of the semiconductor company’s stock after purchasing an additional 996 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in FormFactor were worth $601,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FORM. Reinhart Partners LLC. boosted its position in FormFactor by 64.8% during the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock valued at $65,541,000 after acquiring an additional 749,088 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of FormFactor by 9.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock valued at $2,106,000 after purchasing an additional 5,295 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of FormFactor during the 2nd quarter valued at about $583,000. Harbor Capital Advisors Inc. grew its stake in FormFactor by 54.7% during the second quarter. Harbor Capital Advisors Inc. now owns 162,464 shares of the semiconductor company’s stock worth $5,590,000 after purchasing an additional 57,470 shares during the period. Finally, Bessemer Group Inc. increased its holdings in FormFactor by 25.0% in the second quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock worth $14,841,000 after purchasing an additional 86,277 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Northland Securities set a $44.00 price target on FormFactor in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. B. Riley reissued a “buy” rating on shares of FormFactor in a research report on Thursday, October 30th. Finally, Zacks Research upgraded FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.13.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 8,403 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $50.06, for a total value of $420,654.18. Following the transaction, the chief executive officer owned 533,270 shares of the company’s stock, valued at approximately $26,695,496.20. This trade represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $30.43, for a total value of $109,548.00. Following the transaction, the director owned 35,479 shares of the company’s stock, valued at $1,079,625.97. This trade represents a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,003 shares of company stock valued at $629,902. 0.90% of the stock is owned by corporate insiders.

FormFactor Stock Performance

FORM opened at $51.49 on Tuesday. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $61.10. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 99.02 and a beta of 1.37. The company’s fifty day moving average price is $43.99 and its two-hundred day moving average price is $36.22. The company has a current ratio of 4.24, a quick ratio of 3.34 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.