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

FormFactor, Inc. (NASDAQ:FORM) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $57.00.

Several equities research analysts recently weighed in on the company. Northland Securities set a $44.00 price objective on FormFactor in a report on Thursday, October 30th. Zacks Research raised FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen upgraded FormFactor from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Evercore ISI upped their price objective on FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Finally, Cowen reiterated a “hold” rating on shares of FormFactor in a research report on Thursday, October 30th.

FormFactor Stock Performance

Shares of FormFactor stock opened at $62.72 on Thursday. The company’s 50 day moving average price is $55.42 and its two-hundred day moving average price is $41.77. The firm has a market capitalization of $4.86 billion, a P/E ratio of 120.62 and a beta of 1.12. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $66.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46.

Insider Transactions at FormFactor

In related news, Director Kelley Steven-Waiss sold 2,700 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total transaction of $151,119.00. Following the completion of the transaction, the director directly owned 32,779 shares of the company’s stock, valued at $1,834,640.63. This trade represents a 7.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis Thomas St sold 2,000 shares of FormFactor stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $49.85, for a total value of $99,700.00. Following the transaction, the director directly owned 38,957 shares in the company, valued at $1,942,006.45. The trade was a 4.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 60,378 shares of company stock worth $3,678,088. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Hedge funds have recently made changes to their positions in the stock. Reinhart Partners LLC. raised its holdings in shares of FormFactor by 64.8% during the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock valued at $65,541,000 after purchasing an additional 749,088 shares during the period. State of New Jersey Common Pension Fund D increased its position in FormFactor by 9.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock valued at $2,106,000 after buying an additional 5,295 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in FormFactor during the 2nd quarter worth approximately $583,000. Harbor Capital Advisors Inc. raised its stake in FormFactor by 54.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 162,464 shares of the semiconductor company’s stock worth $5,590,000 after buying an additional 57,470 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in FormFactor by 25.0% in the second quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock worth $14,841,000 after acquiring an additional 86,277 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.