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

FormFactor, Inc. (NASDAQ:FORM) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $53.1250.

A number of research analysts have recently issued reports on the company. Northland Securities set a $44.00 target price on FormFactor in a report on Thursday, October 30th. Cantor Fitzgerald began coverage on shares of FormFactor in a research report on Tuesday. They issued an “overweight” rating and a $75.00 price objective on the stock. Cowen reissued a “hold” rating on shares of FormFactor in a research note on Thursday, October 30th. Evercore ISI raised their target price on shares of FormFactor from $31.00 to $50.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Finally, B. Riley reaffirmed a “buy” rating on shares of FormFactor in a report on Thursday, October 30th.

Insider Buying and Selling

In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $49.85, for a total transaction of $99,700.00. Following the transaction, the director owned 38,957 shares in the company, valued at approximately $1,942,006.45. The trade was a 4.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the transaction, the director directly owned 35,479 shares of the company’s stock, valued at approximately $1,079,625.97. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

Several institutional investors have recently made changes to their positions in FORM. Earnest Partners LLC increased its holdings in shares of FormFactor by 0.3% in the 1st quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock valued at $171,299,000 after purchasing an additional 18,039 shares in the last quarter. Bank of America Corp DE lifted its position in shares of FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after acquiring an additional 108,487 shares during the period. Reinhart Partners LLC. boosted its stake in shares of FormFactor by 26.3% during the 3rd quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after acquiring an additional 500,156 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of FormFactor by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after acquiring an additional 73,644 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of FormFactor by 170.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock worth $72,069,000 after acquiring an additional 1,319,345 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Stock Performance

Shares of FORM stock opened at $48.68 on Wednesday. The stock’s 50-day moving average price is $42.41 and its 200 day moving average price is $35.65. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.77 billion, a PE ratio of 93.62 and a beta of 1.37. FormFactor has a 52-week low of $22.58 and a 52-week high of $61.10.

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.