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

Shares of FormFactor, Inc. (NASDAQ:FORMGet Rating) have received an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $31.88.

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of FormFactor from $42.00 to $25.00 and set a “buy” rating for the company in a report on Friday. TheStreet cut shares of FormFactor from a “b-” rating to a “c+” rating in a report on Thursday, September 22nd. Needham & Company LLC decreased their price target on shares of FormFactor from $35.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, October 27th. DA Davidson decreased their price target on shares of FormFactor from $40.00 to $32.00 in a report on Thursday, October 27th. Finally, Cowen decreased their price target on shares of FormFactor to $25.00 in a report on Thursday, October 27th.

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its position in FormFactor by 10.0% during the first quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 281 shares in the last quarter. Shaker Investments LLC OH raised its position in shares of FormFactor by 0.9% in the first quarter. Shaker Investments LLC OH now owns 33,417 shares of the semiconductor company’s stock valued at $1,405,000 after purchasing an additional 282 shares during the period. Integrated Investment Consultants LLC raised its position in shares of FormFactor by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 16,246 shares of the semiconductor company’s stock valued at $629,000 after purchasing an additional 340 shares during the period. Profund Advisors LLC raised its position in shares of FormFactor by 4.6% in the first quarter. Profund Advisors LLC now owns 8,107 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 353 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of FormFactor by 1.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 25,757 shares of the semiconductor company’s stock valued at $645,000 after purchasing an additional 412 shares during the period. Institutional investors own 95.84% of the company’s stock.

FormFactor Stock Performance

Shares of FORM opened at $19.19 on Friday. FormFactor has a one year low of $18.15 and a one year high of $47.48. The company has a 50-day moving average of $25.91 and a two-hundred day moving average of $33.35. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 16.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.15 and a quick ratio of 2.35.

FormFactor Company Profile

(Get Rating)

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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Analyst Recommendations for FormFactor (NASDAQ:FORM)

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