FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $55.38.

FORM has been the topic of several research analyst reports. DA Davidson upped their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC dropped their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, TD Cowen lowered their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FORM. Bessemer Group Inc. lifted its holdings in FormFactor by 7.0% during the first quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock valued at $11,976,000 after purchasing an additional 17,079 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of FormFactor during the 1st quarter valued at $664,000. Russell Investments Group Ltd. boosted its holdings in FormFactor by 16.2% in the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock worth $5,160,000 after buying an additional 15,756 shares during the period. Sei Investments Co. increased its stake in FormFactor by 5.4% in the 1st quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock worth $68,156,000 after buying an additional 76,032 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in FormFactor by 14.6% during the first quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company’s stock valued at $6,032,000 after acquiring an additional 16,855 shares during the period. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Down 4.8 %

Shares of NASDAQ:FORM opened at $37.80 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor has a 1 year low of $36.11 and a 1 year high of $63.63. The company has a market cap of $2.93 billion, a P/E ratio of 21.72 and a beta of 1.12. The stock’s fifty day moving average price is $43.55 and its 200-day moving average price is $50.35.

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.