FormFactor, Inc. (FORM) – What Are Researchers Thinking About This Stock?

FormFactor, Inc. (NASDAQ:FORM) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $136.09.

Several research firms recently issued reports on FORM. Deutsche Bank Aktiengesellschaft started coverage on shares of FormFactor in a report on Wednesday, September 30th. They issued a “buy” rating and a $200.00 target price for the company. Freedom Capital upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Zacks Research downgraded FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Wall Street Zen upgraded FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. Finally, TD Cowen upped their price objective on FormFactor from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th.

Insider Activity

In related news, CEO Mike Slessor sold 11,098 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the completion of the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at $57,040,619.20. The trade was a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the sale, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 46,710 shares of company stock worth $5,520,564. 0.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

Several hedge funds have recently modified their holdings of the company. NorthCrest Asset Manangement LLC increased its stake in shares of FormFactor by 0.5% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 18,442 shares of the semiconductor company’s stock valued at $2,529,000 after purchasing an additional 89 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in FormFactor by 96.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 124 shares during the period. Mirador Capital Partners LP raised its holdings in FormFactor by 0.8% in the 3rd quarter. Mirador Capital Partners LP now owns 18,089 shares of the semiconductor company’s stock worth $2,701,000 after purchasing an additional 145 shares during the period. Keating Financial Advisory Services Inc. purchased a new position in FormFactor during the second quarter worth approximately $25,000. Finally, Brighton Jones LLC boosted its position in FormFactor by 12.5% during the third quarter. Brighton Jones LLC now owns 1,439 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 160 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

Shares of FORM opened at $85.63 on Wednesday. The company has a quick ratio of 3.02, a current ratio of 3.68 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $113.09 and a two-hundred day simple moving average of $113.69. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 39.10 and a beta of 1.27. FormFactor has a 52 week low of $47.33 and a 52 week high of $160.27.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The firm had revenue of $280.55 million for the quarter, compared to the consensus estimate of $270.52 million. During the same quarter last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. On average, analysts expect that FormFactor will post 2.96 EPS for the current year.

FormFactor Company Profile

FormFactor, Inc. designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization. The company’s products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices. FormFactor serves customers around the world, including semiconductor manufacturers and research organizations.