FormFactor, Inc. (NASDAQ:FORM) Given Average Recommendation of “Hold” by Analysts

Shares of FormFactor, Inc. (NASDAQ:FORM) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.56.

Several brokerages have weighed in on FORM. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $46.00 target price on shares of FormFactor in a research report on Thursday, February 8th. TD Cowen upped their price target on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, Evercore ISI initiated coverage on FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price for the company.

FormFactor Trading Down 1.3 %

NASDAQ:FORM opened at $40.25 on Tuesday. The stock has a market cap of $3.12 billion, a PE ratio of 37.97 and a beta of 1.18. FormFactor has a fifty-two week low of $24.88 and a fifty-two week high of $47.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. The stock’s 50-day moving average is $43.53 and its two-hundred day moving average is $39.95.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. As a group, equities research analysts forecast that FormFactor will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at $2,827,978.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the transaction, the chief executive officer now owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock valued at $1,223,580 over the last three months. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp Et Al boosted its position in FormFactor by 368.7% during the third quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after acquiring an additional 65,889 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in FormFactor by 240.4% in the third quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock worth $826,000 after acquiring an additional 16,702 shares in the last quarter. Vanguard Group Inc. raised its position in shares of FormFactor by 2.4% during the third quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after purchasing an additional 224,599 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in FormFactor by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock worth $28,501,000 after buying an additional 45,248 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of FormFactor in the 3rd quarter worth about $301,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

About FormFactor

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.