Shares of FormFactor, Inc. (NASDAQ:FORM) have earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $21.50.
FORM has been the subject of several analyst reports. BidaskClub upgraded FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 5th. ValuEngine lowered FormFactor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded FormFactor from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, November 4th. Needham & Company LLC boosted their target price on FormFactor from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus set a $24.00 price objective on FormFactor and gave the company a “buy” rating in a report on Friday, October 25th.
FormFactor stock opened at $23.14 on Monday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 30.05 and a beta of 1.72. FormFactor has a 1 year low of $12.72 and a 1 year high of $23.56. The business has a 50-day moving average of $21.88 and a 200-day moving average of $17.88. The company has a current ratio of 2.75, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05.
In other FormFactor news, Director Dennis Thomas St sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $22.68, for a total transaction of $113,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael W. Zellner sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $17.43, for a total value of $313,740.00. Following the transaction, the director now directly owns 32,875 shares in the company, valued at approximately $573,011.25. The disclosure for this sale can be found here. Insiders have sold a total of 127,035 shares of company stock worth $2,461,993 in the last quarter. 1.88% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the business. Man Group plc acquired a new position in shares of FormFactor during the 3rd quarter worth approximately $208,000. Barclays PLC increased its holdings in shares of FormFactor by 43.7% during the 3rd quarter. Barclays PLC now owns 150,371 shares of the semiconductor company’s stock worth $2,804,000 after acquiring an additional 45,693 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of FormFactor by 500.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 744,300 shares of the semiconductor company’s stock worth $13,877,000 after acquiring an additional 620,446 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of FormFactor by 1.0% during the 3rd quarter. California State Teachers Retirement System now owns 115,628 shares of the semiconductor company’s stock worth $2,156,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of FormFactor by 4.8% during the 3rd quarter. Stifel Financial Corp now owns 37,054 shares of the semiconductor company’s stock worth $692,000 after acquiring an additional 1,696 shares during the last quarter. 92.94% of the stock is currently owned by hedge funds and other institutional investors.
FormFactor Company Profile
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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