FormFactor, Inc. (NASDAQ:FORM) Receives Average Rating of “Moderate Buy” from Analysts

FormFactor, Inc. (NASDAQ:FORM) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $59.63.

Several equities analysts recently commented on the stock. B. Riley upped their target price on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Stifel Nicolaus increased their price objective on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. TD Cowen increased their price objective on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of FormFactor in a research note on Thursday, August 1st.

Insider Activity

In other news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the sale, the chief executive officer now directly owns 534,276 shares in the company, valued at approximately $24,742,321.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the sale, the director now owns 12,970 shares in the company, valued at $543,961.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,770 shares of company stock valued at $854,014. 0.96% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in FormFactor by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after buying an additional 154,361 shares during the period. Earnest Partners LLC raised its holdings in FormFactor by 0.6% during the 1st quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock worth $277,942,000 after buying an additional 37,781 shares during the period. Hood River Capital Management LLC grew its stake in shares of FormFactor by 7.2% during the 1st quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock worth $94,867,000 after acquiring an additional 140,223 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of FormFactor by 81.1% in the fourth quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock valued at $80,387,000 after purchasing an additional 862,885 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of FormFactor by 5.4% in the first quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock worth $68,156,000 after purchasing an additional 76,032 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Up 1.0 %

FORM stock opened at $48.72 on Tuesday. The company has a current ratio of 4.46, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $45.95 and its two-hundred day moving average is $50.82. FormFactor has a 52 week low of $31.51 and a 52 week high of $63.63. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 36.91 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The business had revenue of $197.47 million for the quarter, compared to the consensus estimate of $195.01 million. On average, analysts forecast that FormFactor will post 0.74 earnings per share for the current fiscal year.

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.