Maryland State Retirement & Pension System Sells 1,144 Shares of FormFactor, Inc. (NASDAQ:FORM)

Maryland State Retirement & Pension System trimmed its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,906 shares of the semiconductor company’s stock after selling 1,144 shares during the quarter. Maryland State Retirement & Pension System’s holdings in FormFactor were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co purchased a new stake in FormFactor in the first quarter worth about $28,000. Innealta Capital LLC purchased a new position in FormFactor during the second quarter valued at approximately $38,000. Quadrant Capital Group LLC boosted its position in shares of FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 260 shares during the period. LRI Investments LLC purchased a new stake in shares of FormFactor in the first quarter worth $70,000. Finally, Covestor Ltd raised its position in shares of FormFactor by 3,951.3% during the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,541 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Trading Down 0.0 %

FormFactor stock traded down $0.01 during trading on Friday, hitting $48.77. The company had a trading volume of 1,146,629 shares, compared to its average volume of 573,464. The company has a current ratio of 4.46, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 36.95 and a beta of 1.12. The company’s 50 day simple moving average is $53.50 and its 200-day simple moving average is $50.30. FormFactor, Inc. has a 1-year low of $31.19 and a 1-year high of $63.63.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $197.47 million during the quarter, compared to analysts’ expectations of $195.01 million. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. As a group, analysts expect that FormFactor, Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $59.00, for a total transaction of $236,000.00. Following the completion of the transaction, the chief executive officer now owns 487,581 shares in the company, valued at approximately $28,767,279. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,770 shares of company stock worth $723,654. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus boosted their price target on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. B. Riley raised their price objective on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. DA Davidson boosted their target price on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of FormFactor in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.63.

FormFactor Company 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.