FormFactor, Inc. (NASDAQ:FORM) Receives $48.40 Average PT from Analysts

Shares of FormFactor, Inc. (NASDAQ:FORMGet Free Report) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $48.40.

FORM has been the subject of several recent analyst reports. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Evercore ISI initiated coverage on FormFactor in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price for the company. Needham & Company LLC raised their target price on FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Craig Hallum raised their target price on FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price objective on FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th.

Check Out Our Latest Stock Report on FormFactor

FormFactor Stock Performance

FORM opened at $59.98 on Wednesday. The firm has a market cap of $4.63 billion, a PE ratio of 45.44 and a beta of 1.11. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $51.88 and a 200-day simple moving average of $45.14. FormFactor has a fifty-two week low of $29.50 and a fifty-two week high of $61.34.

FormFactor (NASDAQ:FORMGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $168.73 million for the quarter, compared to the consensus estimate of $165.45 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. As a group, equities analysts predict that FormFactor will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,833 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $57.59, for a total transaction of $278,332.47. Following the transaction, the director now directly owns 10,598 shares in the company, valued at $610,338.82. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $43.75, for a total value of $175,000.00. Following the transaction, the chief executive officer now directly owns 491,781 shares in the company, valued at $21,515,418.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rebeca Obregon-Jimenez sold 4,833 shares of FormFactor stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $57.59, for a total value of $278,332.47. Following the completion of the transaction, the director now owns 10,598 shares in the company, valued at $610,338.82. The disclosure for this sale can be found here. Insiders have sold a total of 37,536 shares of company stock worth $2,023,154 over the last three months. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently made changes to their positions in FORM. Swiss National Bank increased its stake in shares of FormFactor by 1.0% in the third quarter. Swiss National Bank now owns 169,600 shares of the semiconductor company’s stock worth $5,926,000 after purchasing an additional 1,700 shares during the period. Janney Montgomery Scott LLC bought a new position in FormFactor during the third quarter valued at about $243,000. Charles Schwab Investment Management Inc. raised its holdings in FormFactor by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock valued at $28,501,000 after acquiring an additional 45,248 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of FormFactor by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company’s stock worth $684,000 after acquiring an additional 582 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of FormFactor by 4.1% during the 3rd quarter. Deutsche Bank AG now owns 99,620 shares of the semiconductor company’s stock worth $3,481,000 after purchasing an additional 3,945 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Company Profile

(Get Free Report

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.

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Analyst Recommendations for FormFactor (NASDAQ:FORM)

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