FormFactor, Inc. (NASDAQ:FORM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of FormFactor, Inc. (NASDAQ:FORM) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $55.38.

Several equities research analysts have recently weighed in on FORM shares. TD Cowen decreased their target price on shares of 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 decreased their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

FormFactor Stock Down 2.4 %

FORM stock opened at $45.92 on Friday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 26.39 and a beta of 1.12. The company has a fifty day moving average price of $42.17 and a 200 day moving average price of $47.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor has a 12 month low of $37.21 and a 12 month high of $63.63.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the transaction, the chief executive officer now directly owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

A number of institutional investors and hedge funds have recently modified their holdings of FORM. Advisors Asset Management Inc. grew its holdings in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. Quarry LP grew its stake in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new position in FormFactor during the 2nd quarter valued at about $43,000. CWM LLC raised its position in FormFactor by 57.3% during 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. Finally, GAMMA Investing LLC lifted 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 valued at $156,000 after purchasing an additional 1,123 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.