FormFactor (NASDAQ:FORM) Upgraded at Freedom Capital

Freedom Capital upgraded shares of FormFactor (NASDAQ:FORM) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. B. Riley reissued a “buy” rating on shares of FormFactor in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a report on Thursday, January 22nd. Evercore ISI upped their price objective on FormFactor from $31.00 to $50.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Itau BBA Securities raised FormFactor to an “outperform” rating in a research report on Tuesday. Finally, Cantor Fitzgerald assumed coverage on shares of FormFactor in a report on Tuesday, November 18th. They issued an “overweight” rating and a $75.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.11.

FormFactor Trading Up 1.1%

NASDAQ:FORM opened at $73.33 on Tuesday. The firm has a 50-day simple moving average of $62.51 and a 200-day simple moving average of $46.10. FormFactor has a one year low of $22.58 and a one year high of $85.49. The firm has a market cap of $5.68 billion, a P/E ratio of 141.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 4.30.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $55.97, for a total transaction of $151,119.00. Following the sale, the director owned 32,779 shares of the company’s stock, valued at approximately $1,834,640.63. The trade was a 7.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis Thomas St sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $49.85, for a total transaction of $99,700.00. Following the sale, the director directly owned 38,957 shares in the company, valued at $1,942,006.45. This trade represents a 4.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 73,466 shares of company stock worth $4,683,377. 0.90% of the stock is owned by insiders.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of New Jersey Common Pension Fund D raised its position in shares of FormFactor by 9.5% in the second 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 during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of FormFactor during the 2nd quarter worth $583,000. Bessemer Group Inc. boosted its position in shares of FormFactor by 25.0% during the 2nd quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock valued at $14,841,000 after acquiring an additional 86,277 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of FormFactor in the third quarter valued at about $508,000. Finally, Edgestream Partners L.P. acquired a new stake in FormFactor during the second quarter worth about $4,715,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Company Profile

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.