TIAA CREF Investment Management LLC Has $2.95 Million Stake in FormFactor, Inc. (FORM)

TIAA CREF Investment Management LLC increased its position in FormFactor, Inc. (NASDAQ:FORM) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 237,909 shares of the semiconductor company’s stock after acquiring an additional 22,713 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.33% of FormFactor worth $2,950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of FormFactor by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 17,068 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 469 shares during the last quarter. KCG Holdings Inc. lifted its position in FormFactor by 14.7% in the first quarter. KCG Holdings Inc. now owns 16,500 shares of the semiconductor company’s stock valued at $196,000 after purchasing an additional 2,120 shares during the last quarter. American International Group Inc. increased its stake in shares of FormFactor by 7.1% during the first quarter. American International Group Inc. now owns 42,338 shares of the semiconductor company’s stock valued at $502,000 after buying an additional 2,806 shares during the period. Teachers Advisors LLC increased its stake in shares of FormFactor by 3.9% during the first quarter. Teachers Advisors LLC now owns 117,395 shares of the semiconductor company’s stock valued at $1,391,000 after buying an additional 4,386 shares during the period. Finally, Bourgeon Capital Management LLC increased its stake in shares of FormFactor by 50.0% during the second quarter. Bourgeon Capital Management LLC now owns 15,000 shares of the semiconductor company’s stock valued at $186,000 after buying an additional 5,000 shares during the period. 85.10% of the stock is owned by institutional investors.

FORM has been the topic of several recent research reports. B. Riley reissued a “buy” rating and issued a $20.00 target price on shares of FormFactor in a research note on Thursday, August 3rd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of FormFactor in a report on Thursday, August 3rd. Zacks Investment Research raised FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Wednesday, August 9th. DA Davidson restated a “buy” rating and issued a $20.00 price target on shares of FormFactor in a research report on Thursday, August 31st. Finally, Citigroup Inc. upped their price target on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.06.

FormFactor, Inc. (FORM) traded up $0.12 during trading hours on Friday, hitting $17.47. The stock had a trading volume of 673,300 shares, compared to its average volume of 683,889. The company has a market cap of $1,266.28, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.04 and a beta of 1.53. FormFactor, Inc. has a 1-year low of $9.65 and a 1-year high of $18.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.25.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The business had revenue of $143.74 million during the quarter, compared to analyst estimates of $140.83 million. During the same period last year, the company earned $0.22 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. analysts expect that FormFactor, Inc. will post 1.04 earnings per share for the current year.

In other FormFactor news, CFO Michael M. Ludwig sold 10,000 shares of FormFactor stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $14.07, for a total transaction of $140,700.00. Following the completion of the sale, the chief financial officer now directly owns 267,977 shares of the company’s stock, valued at approximately $3,770,436.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Delateur sold 15,000 shares of FormFactor stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total value of $265,350.00. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $442,250. The disclosure for this sale can be found here. Insiders have sold a total of 58,725 shares of company stock valued at $889,194 over the last three months. 2.30% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/11/tiaa-cref-investment-management-llc-boosts-stake-in-formfactor-inc-form.html.

FormFactor Profile

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

Receive News & Ratings for FormFactor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply