Brokerages Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $55.38

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $55.38.

FORM has been the subject of several research reports. TD Cowen reduced their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC cut their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the transaction, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI purchased a new position in shares of FormFactor in the 2nd quarter worth about $668,000. Arizona State Retirement System boosted its stake in FormFactor by 1.5% in the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 331 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in shares of FormFactor during the 2nd quarter valued at approximately $1,043,000. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor during the 2nd quarter worth approximately $1,811,000. Finally, Quest Partners LLC bought a new stake in shares of FormFactor in the 2nd quarter worth approximately $374,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Up 0.5 %

Shares of NASDAQ FORM opened at $44.46 on Friday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.44 billion, a PE ratio of 25.55 and a beta of 1.08. The company’s fifty day simple moving average is $42.22 and its 200 day simple moving average is $47.18. FormFactor has a 12-month low of $37.21 and a 12-month high of $63.63.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.