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

Shares of FormFactor, Inc. (NASDAQ:FORM) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $38.00.

Several equities analysts recently issued reports on FORM shares. CL King lifted their price objective on shares of FormFactor from $37.00 to $43.00 in a report on Wednesday, July 19th. StockNews.com started coverage on shares of FormFactor in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Northland Securities raised their target price on shares of FormFactor from $32.00 to $35.00 in a research note on Thursday, August 3rd. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of FormFactor in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus raised their target price on shares of FormFactor from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $35.13 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of -390.33 and a beta of 1.24. The firm’s 50 day simple moving average is $33.57 and its 200-day simple moving average is $31.13. FormFactor has a one year low of $18.15 and a one year high of $37.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.88 and a current ratio of 3.85.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $155.92 million for the quarter, compared to analysts’ expectations of $162.05 million. FormFactor had a positive return on equity of 1.78% and a negative net margin of 1.08%. As a group, equities analysts predict that FormFactor will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York Life Investment Management LLC lifted its position in FormFactor by 16.0% during the first quarter. New York Life Investment Management LLC now owns 15,648 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 2,154 shares during the period. Engineers Gate Manager LP lifted its position in FormFactor by 75.1% during the fourth quarter. Engineers Gate Manager LP now owns 75,252 shares of the semiconductor company’s stock valued at $1,673,000 after purchasing an additional 32,266 shares during the period. Keeley Teton Advisors LLC lifted its position in FormFactor by 36.1% during the fourth quarter. Keeley Teton Advisors LLC now owns 23,000 shares of the semiconductor company’s stock valued at $511,000 after purchasing an additional 6,100 shares during the period. Mirador Capital Partners LP lifted its position in FormFactor by 6.9% during the first quarter. Mirador Capital Partners LP now owns 136,495 shares of the semiconductor company’s stock valued at $4,347,000 after purchasing an additional 8,752 shares during the period. Finally, Beverly Hills Private Wealth LLC acquired a new position in FormFactor during the fourth quarter valued at $271,000. 93.64% of the stock is currently owned by institutional investors and hedge funds.

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. 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.