Today: Today, State of Wisconsin Investment Board decides to keep it stake in FormFactor, Inc. (FORM) to the level of $4,991,000

Today, State of Wisconsin Investment Board decides to keep it stake in FormFactor, Inc. (FORM) to the level of $4,991,000

State of Wisconsin Investment Board cut its stake in FormFactor, Inc. (NASDAQ:FORM) by 7.1% during the third quarter, Holdings Channel reports. The firm owned 460,000 shares of the company’s stock after selling 35,000 shares during the period. State of Wisconsin Investment Board owned about 0.65% of FormFactor worth $4,991,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FORM. California Public Employees Retirement System increased its position in FormFactor by 131.4% in the second quarter. California Public Employees Retirement System now owns 48,592 shares of the company’s stock valued at $437,000 after buying an additional 27,592 shares during the period. Emerald Acquisition Ltd. purchased a new position in FormFactor during the second quarter valued at $7,493,000. Swiss National Bank increased its position in FormFactor by 10.3% in the second quarter. Swiss National Bank now owns 100,900 shares of the company’s stock valued at $907,000 after buying an additional 9,400 shares during the period. Frontier Capital Management Co. LLC increased its position in FormFactor by 11.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,347,463 shares of the company’s stock valued at $21,104,000 after buying an additional 249,592 shares during the period. Finally, California State Teachers Retirement System increased its position in FormFactor by 18.2% in the second quarter. California State Teachers Retirement System now owns 144,158 shares of the company’s stock valued at $1,296,000 after buying an additional 22,205 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

FormFactor, Inc. (NASDAQ:FORM) remained flat at $11.25 during mid-day trading on Friday. The company had a trading volume of 170,076 shares. The company has a 50-day moving average price of $10.23 and a 200-day moving average price of $9.51. The stock has a market cap of $795.93 million, a PE ratio of 83.96 and a beta of 1.32. FormFactor, Inc. has a one year low of $6.15 and a one year high of $11.55.

FormFactor (NASDAQ:FORM) last released its earnings results on Thursday, October 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. FormFactor had a net margin of 2.49% and a return on equity of 3.95%. The company had revenue of $123.30 million for the quarter, compared to the consensus estimate of $122.70 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was up 87.2% compared to the same quarter last year. On average, equities analysts expect that FormFactor, Inc. will post $0.44 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of FormFactor in a research report on Wednesday. Zacks Investment Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Citigroup Inc. boosted their price objective on shares of FormFactor from $8.25 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. B. Riley reaffirmed a “buy” rating and set a $12.50 price objective on shares of FormFactor in a research report on Friday, October 28th. Finally, TheStreet raised shares of FormFactor from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $12.08.

FormFactor Company Profile

FormFactor, Inc designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is a supplier of probe cards to the manufacturers of dynamic random-access memory (DRAM), flash memory devices, microprocessor, chipset and other system on chip (SoC) devices. Semiconductor manufacturers use its probe cards to perform wafer test, which is the testing of the semiconductor die, or chips.

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