Brokerages Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $55.38

FormFactor, Inc. (NASDAQ:FORM) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $55.38.

Several brokerages have commented on FORM. Stifel Nicolaus boosted their target price on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Needham & Company LLC cut their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. DA Davidson boosted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen cut their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st.

FormFactor Trading Down 0.3 %

NASDAQ FORM opened at $41.96 on Friday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.25 billion, a P/E ratio of 24.11 and a beta of 1.12. FormFactor has a 52-week low of $36.11 and a 52-week high of $63.63. The firm has a 50-day moving average price of $43.85 and a 200 day moving average price of $50.57.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the completion of the transaction, the chief executive officer now owns 534,276 shares of the company’s stock, valued at $24,742,321.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FORM. BNP Paribas Financial Markets raised its stake in shares of FormFactor by 1.9% in the 1st quarter. BNP Paribas Financial Markets now owns 69,174 shares of the semiconductor company’s stock valued at $3,156,000 after acquiring an additional 1,319 shares during the period. Janney Montgomery Scott LLC lifted its position in FormFactor by 19.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 1,151 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in FormFactor by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 68,126 shares of the semiconductor company’s stock worth $3,109,000 after acquiring an additional 881 shares during the period. SG Americas Securities LLC acquired a new stake in FormFactor in the first quarter valued at approximately $123,000. Finally, Swiss National Bank raised its stake in shares of FormFactor by 0.4% during the first quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock valued at $7,009,000 after purchasing an additional 600 shares during the period. 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.