FormFactor, Inc. (NASDAQ:FORM) Receives Average Recommendation of “Hold” from Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $48.50.

A number of equities analysts have recently commented on FORM shares. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Evercore ISI lowered their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus reduced their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th.

FormFactor Trading Down 1.1 %

Shares of FormFactor stock opened at $32.27 on Friday. The stock’s 50-day simple moving average is $36.97 and its 200 day simple moving average is $41.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor has a 52-week low of $30.22 and a 52-week high of $63.63. The stock has a market capitalization of $2.50 billion, a P/E ratio of 36.26 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. As a group, research analysts anticipate that FormFactor will post 0.9 EPS for the current year.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the transaction, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its holdings in FormFactor by 5.5% in the fourth quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock worth $242,000 after buying an additional 288 shares during the last quarter. Advisors Asset Management Inc. lifted its position in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares in the last quarter. Aviva PLC boosted its stake in FormFactor by 2.3% during the 4th quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 331 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of FormFactor by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 400 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in shares of FormFactor by 7.4% in the third quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.