FormFactor, Inc. (NASDAQ:FORM) Receives $56.00 Consensus Price Target from Brokerages

FormFactor, Inc. (NASDAQ:FORM) has received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $56.00.

Several research analysts have commented on FORM shares. TD Cowen cut their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC lowered FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at approximately $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares in the last quarter. Quarry LP raised its holdings in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares during the last quarter. CWM LLC raised its holdings in shares of FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 1,044 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of FormFactor in the second quarter worth $204,000. Finally, GAMMA Investing LLC raised its holdings in shares of FormFactor by 49.6% in the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 1,123 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $38.97 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor has a fifty-two week low of $37.25 and a fifty-two week high of $63.63. The firm has a market capitalization of $3.02 billion, a PE ratio of 22.40 and a beta of 1.08. The stock’s 50-day simple moving average is $43.04 and its 200-day simple moving average is $44.99.

FormFactor Company Profile

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.