FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $59.63.

Several analysts recently weighed in on the company. DA Davidson upped their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen increased their target price on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. B. Riley upped their price target on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of FormFactor in a research note on Thursday, August 1st. Finally, StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th.

FormFactor Stock Up 0.6 %

Shares of NASDAQ:FORM opened at $44.27 on Friday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 33.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. The stock has a 50 day moving average price of $47.70 and a 200-day moving average price of $50.55. FormFactor has a 52-week low of $31.51 and a 52-week high of $63.63.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The company had revenue of $197.47 million during the quarter, compared to analysts’ expectations of $195.01 million. As a group, equities research analysts anticipate that FormFactor will post 0.74 EPS for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the sale, the chief executive officer now owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the completion of the sale, the chief executive officer now owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. The disclosure for this sale can be found here. Insiders have sold a total of 18,770 shares of company stock worth $908,894 over the last quarter. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently bought and sold shares of FORM. Vanguard Group Inc. increased its position in FormFactor by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after buying an additional 154,361 shares in the last quarter. Earnest Partners LLC grew its stake in shares of FormFactor by 0.6% during the 1st quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock valued at $277,942,000 after acquiring an additional 37,781 shares during the period. Hood River Capital Management LLC increased its holdings in FormFactor by 7.2% in the 1st quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock worth $94,867,000 after acquiring an additional 140,223 shares in the last quarter. Wellington Management Group LLP raised its stake in FormFactor by 81.1% during the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after acquiring an additional 862,885 shares during the period. Finally, Sei Investments Co. lifted its holdings in FormFactor by 5.4% during the first quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock valued at $68,156,000 after purchasing an additional 76,032 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

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.