FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its position in FormFactor, Inc. (NASDAQ:FORM) by 3.3% during the 3rd quarter, Holdings Channel reports. The fund owned 164,166 shares of the semiconductor company’s stock after selling 5,600 shares during the quarter. Public Sector Pension Investment Board’s holdings in FormFactor were worth $7,552,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC raised its holdings in FormFactor by 134.4% in the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock valued at $2,440,000 after acquiring an additional 30,410 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in FormFactor by 90.7% in the second quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock valued at $2,080,000 after acquiring an additional 16,341 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in FormFactor in the second quarter valued at approximately $1,811,000. New York State Common Retirement Fund raised its holdings in FormFactor by 876.0% in the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock valued at $14,876,000 after acquiring an additional 290,254 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in FormFactor by 129.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company’s stock valued at $3,793,000 after acquiring an additional 46,488 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 530,276 shares in the company, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company’s stock.

FormFactor Stock Performance

Shares of FORM opened at $40.06 on Friday. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.10 billion, a PE ratio of 23.02 and a beta of 1.12. The company’s 50 day simple moving average is $42.95 and its 200-day simple moving average is $49.53. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63.

Analyst Ratings Changes

Several brokerages recently weighed in on FORM. TD Cowen reduced their target price on shares of 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 target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.38.

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.