The Public Sector Pension Investment Board increased its stake in FormFactor (NASDAQ:FORM) by 14.5% in the third quarter, bringing its total holdings to 300,744 shares valued at approximately $10.95 million. This increase comes as FormFactor exceeded earnings expectations, reporting $0.46 EPS against an anticipated $0.35, and $215.16 million in revenue, a 13.6% year-over-year increase. Despite insider selling, analysts have raised price targets and shifted ratings towards “buy” or “hold,” with a consensus price target of $80.91.
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Public Sector Pension Investment Board Raises Stock Holdings in FormFactor, Inc. $FORM
The Public Sector Pension Investment Board increased its stake in FormFactor (NASDAQ:FORM) by 14.5% in the third quarter, bringing its total holdings to 300,744 shares valued at approximately $10.95 million. This increase comes as FormFactor exceeded earnings expectations, reporting $0.46 EPS against an anticipated $0.35, and $215.16 million in revenue, a 13.6% year-over-year increase. Despite insider selling, analysts have raised price targets and shifted ratings towards “buy” or “hold,” with a consensus price target of $80.91.