Illinois Municipal Retirement Fund Acquires 1,631 Shares of FormFactor, Inc. (NASDAQ:FORM)

Illinois Municipal Retirement Fund raised its position in FormFactor, Inc. (NASDAQ:FORM) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 46,933 shares of the semiconductor company’s stock after acquiring an additional 1,631 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of FormFactor worth $1,958,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FORM. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in FormFactor during the 3rd quarter worth approximately $70,000. CWM LLC boosted its position in FormFactor by 124.3% during the 3rd quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 1,530 shares during the last quarter. Mackenzie Financial Corp acquired a new position in FormFactor during the 4th quarter worth approximately $202,000. O Shaughnessy Asset Management LLC acquired a new position in FormFactor during the 3rd quarter worth approximately $207,000. Finally, Ausbil Investment Management Ltd acquired a new position in FormFactor during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FORM shares. TD Cowen upped their price target on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price objective on shares of FormFactor in a research note on Thursday, February 8th. Evercore ISI initiated coverage on FormFactor in a research note on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective on the stock. Finally, TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.56.

FormFactor Stock Up 5.1 %

FORM opened at $43.86 on Friday. FormFactor, Inc. has a 1-year low of $24.88 and a 1-year high of $47.94. The stock’s fifty day simple moving average is $43.57 and its 200 day simple moving average is $40.04. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.40 billion, a PE ratio of 41.38 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The business had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. As a group, research analysts expect that FormFactor, Inc. will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, 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 accessible through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at $2,827,978.92. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock worth $1,223,580 in the last 90 days. Company insiders own 0.96% of the company’s stock.

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.