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

FormFactor, Inc. (NASDAQ:FORM) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $59.63.

Several analysts have recently commented on the stock. Citigroup raised their price objective on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Craig Hallum upped their price target on shares of FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. B. Riley lifted their target price on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Stifel Nicolaus boosted their price target on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of FormFactor in a report on Thursday, August 1st.

FormFactor Stock Up 4.5 %

FORM opened at $51.41 on Monday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 38.95 and a beta of 1.12. The firm has a 50 day moving average price of $54.45 and a 200-day moving average price of $50.14. FormFactor has a twelve month low of $30.64 and a twelve month high of $63.63. The company has a quick ratio of 3.67, a current ratio of 4.46 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. Equities research analysts forecast that FormFactor will post 0.72 earnings per share for the current year.

Insider Transactions at FormFactor

In related news, Director Jorge Titinger sold 6,770 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,833 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $57.59, for a total transaction of $278,332.47. Following the sale, the director now directly owns 10,598 shares of the company’s stock, valued at approximately $610,338.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, the director now directly owns 12,970 shares in the company, valued at $543,961.80. The disclosure for this sale can be found here. Insiders sold 19,603 shares of company stock valued at $1,001,986 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Several institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co purchased a new stake in FormFactor during the 1st quarter valued at about $28,000. Innealta Capital LLC acquired a new stake in FormFactor in the second quarter valued at $38,000. Redwood Wealth Management Group LLC purchased a new stake in shares of FormFactor during the 2nd quarter worth approximately $43,000. GAMMA Investing LLC purchased a new stake in shares of FormFactor in the 4th quarter valued at about $55,000. Finally, LRI Investments LLC purchased a new position in shares of FormFactor during the first quarter worth about $70,000. 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.