Illinois Municipal Retirement Fund Raises Holdings in FormFactor, Inc. (NASDAQ:FORM)

Illinois Municipal Retirement Fund raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 46,933 shares of the semiconductor company’s stock after buying an additional 1,631 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in FormFactor were worth $1,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of FormFactor in the 3rd quarter worth approximately $70,000. CWM LLC boosted its stake in shares of FormFactor by 124.3% in the 3rd quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after buying an additional 1,530 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of FormFactor in the 4th quarter worth $202,000. Ausbil Investment Management Ltd purchased a new position in shares of FormFactor in the 4th quarter worth $208,000. Finally, Blue Trust Inc. increased its holdings in shares of FormFactor by 18.5% in the fourth quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 824 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the sale, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the completion of the sale, the chief financial officer now directly owns 27,591 shares in the company, valued at $1,228,075.41. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $1,223,580 in the last ninety days. Company insiders own 0.96% of the company’s stock.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $43.86 on Friday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 41.38 and a beta of 1.18. FormFactor, Inc. has a 52 week low of $24.88 and a 52 week high of $47.94. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $43.57 and a 200 day moving average of $40.04.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The firm had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. On average, sell-side analysts predict that FormFactor, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

FORM has been the topic of several research reports. Evercore ISI initiated coverage on FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price on the stock. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. TD Cowen boosted their price objective on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $46.00 price objective on shares of FormFactor in a research note on Thursday, February 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.56.

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.