FormFactor (NASDAQ:FORM) Raised to “Hold” at Freedom Capital

FormFactor (NASDAQ:FORM) was upgraded by investment analysts at Freedom Capital to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on FORM. DA Davidson set a $55.00 price target on FormFactor in a research report on Thursday, October 30th. Northland Securities set a $44.00 target price on shares of FormFactor in a research note on Thursday, October 30th. Stifel Nicolaus boosted their price target on shares of FormFactor from $42.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Evercore ISI raised their price objective on shares of FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Finally, B. Riley reiterated a “buy” rating on shares of FormFactor in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and an average price target of $64.11.

FormFactor Price Performance

Shares of FormFactor stock traded down $0.13 during trading on Tuesday, hitting $72.43. The stock had a trading volume of 312,893 shares, compared to its average volume of 1,482,693. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. FormFactor has a 12 month low of $22.58 and a 12 month high of $85.49. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 140.19 and a beta of 1.12. The business’s 50-day moving average is $62.02 and its 200 day moving average is $45.91.

Insider Activity at FormFactor

In other news, Director Dennis Thomas St sold 2,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $49.85, for a total transaction of $99,700.00. Following the completion of the sale, the director owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. This represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 13,088 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $76.81, for a total transaction of $1,005,289.28. Following the completion of the transaction, the chief executive officer owned 472,907 shares in the company, valued at $36,323,986.67. This represents a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 73,466 shares of company stock worth $4,683,377 in the last ninety days. 0.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On FormFactor

Several institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of FormFactor during the third quarter valued at about $25,000. Jones Financial Companies Lllp increased its holdings in FormFactor by 84.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 453 shares during the period. Hantz Financial Services Inc. raised its position in FormFactor by 547.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 882 shares during the last quarter. State of Wyoming lifted its holdings in FormFactor by 18.4% in the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock worth $61,000 after buying an additional 261 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of FormFactor by 208.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company’s stock worth $63,000 after buying an additional 1,246 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.