FormFactor, Inc. (NASDAQ:FORM) Given Consensus Rating of “Hold” by Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $48.50.

A number of equities research analysts have issued reports on FORM shares. Citigroup raised shares of 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. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Stifel Nicolaus cut their target price on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, Evercore ISI lowered their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th.

FormFactor Trading Down 0.4 %

NASDAQ:FORM opened at $30.58 on Friday. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.37 billion, a PE ratio of 34.36 and a beta of 1.07. The firm’s 50 day moving average is $38.52 and its 200 day moving average is $41.82. FormFactor has a 12 month low of $30.22 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. Sell-side analysts expect that FormFactor will post 0.9 earnings per share for the current year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of FormFactor in the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. increased its stake in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares during the period. Quarry LP increased its stake 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 period. Pinpoint Asset Management Ltd acquired a new stake in FormFactor during the fourth quarter valued at $43,000. Finally, Manchester Capital Management LLC lifted its holdings in FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

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.