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

FormFactor, Inc. (NASDAQ:FORM) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $64.1111.

FORM has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their target price on FormFactor from $42.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. Itau BBA Securities raised shares of FormFactor to an “outperform” rating in a report on Tuesday, January 27th. Evercore ISI increased their price objective on shares of FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a research note on Thursday, January 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of FormFactor in a report on Thursday, October 30th.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 39,606 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $65.00, for a total value of $2,574,390.00. Following the completion of the transaction, the chief executive officer owned 485,995 shares in the company, valued at $31,589,675. This trade represents a 7.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kelley Steven-Waiss sold 2,700 shares of FormFactor stock in a transaction that occurred 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 sale, the director owned 32,779 shares in the company, valued at approximately $1,834,640.63. This represents a 7.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 73,466 shares of company stock worth $4,683,377. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FormFactor

Several large investors have recently modified their holdings of FORM. Salomon & Ludwin LLC bought a new stake in shares of FormFactor in the third quarter worth $25,000. Jones Financial Companies Lllp lifted its holdings in FormFactor by 84.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after buying an additional 453 shares during the period. Hantz Financial Services Inc. grew its position in shares of FormFactor by 547.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 882 shares during the last quarter. Torren Management LLC acquired a new stake in shares of FormFactor in the fourth quarter valued at about $41,000. Finally, State of Wyoming raised its position in shares of FormFactor by 18.4% during the third quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 261 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Trading Down 3.9%

Shares of FORM stock opened at $70.49 on Monday. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $85.49. The stock’s fifty day moving average price is $62.93 and its two-hundred day moving average price is $46.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 4.30. The company has a market cap of $5.46 billion, a PE ratio of 135.56 and a beta of 1.11.

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.