FormFactor (NASDAQ:FORM) Price Target Raised to $100.00 at Cantor Fitzgerald

FormFactor (NASDAQ:FORM) had its price objective raised by Cantor Fitzgerald from $75.00 to $100.00 in a research report report published on Monday morning, Marketbeat reports. The firm currently has an overweight rating on the semiconductor company’s stock.

FORM has been the subject of several other research reports. Citigroup upped their price target on shares of FormFactor from $62.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Itau BBA Securities raised FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Freedom Capital upgraded FormFactor to a “hold” rating in a report on Tuesday, January 27th. DA Davidson set a $55.00 price objective on FormFactor in a research report on Thursday, October 30th. Finally, B. Riley reiterated a “buy” rating on shares of FormFactor in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.20.

FormFactor Stock Performance

Shares of FormFactor stock opened at $71.27 on Monday. FormFactor has a 12 month low of $22.58 and a 12 month high of $85.49. The stock’s fifty day moving average price is $63.33 and its 200-day moving average price is $46.75. The firm has a market cap of $5.52 billion, a P/E ratio of 137.06 and a beta of 1.11. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 13,088 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $76.81, for a total value of $1,005,289.28. Following the transaction, the chief executive officer directly owned 472,907 shares of the company’s stock, valued at $36,323,986.67. This represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing 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 sale, the director directly owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. This represents a 4.88% decrease in their position. 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. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently bought and sold shares of FORM. Strs Ohio lifted its stake in FormFactor by 192.5% during the 4th quarter. Strs Ohio now owns 11,700 shares of the semiconductor company’s stock valued at $653,000 after acquiring an additional 7,700 shares during the period. Keybank National Association OH acquired a new position in FormFactor during the fourth quarter valued at $439,000. Torren Management LLC purchased a new stake in FormFactor in the fourth quarter valued at $41,000. D.A. Davidson & CO. acquired a new stake in FormFactor during the 4th quarter worth about $276,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of FormFactor during the 4th quarter valued at about $266,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.