Analysts Set FormFactor, Inc. (NASDAQ:FORM) Price Target at $59.63

FormFactor, Inc. (NASDAQ:FORM) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $59.63.

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

FormFactor Trading Up 0.6 %

Shares of FormFactor stock opened at $44.27 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. FormFactor has a 52 week low of $31.51 and a 52 week high of $63.63. The stock has a 50 day moving average price of $47.70 and a two-hundred day moving average price of $50.55. The stock has a market capitalization of $3.42 billion, a PE ratio of 33.54 and a beta of 1.11.

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

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $59.00, for a total transaction of $236,000.00. Following the completion of the transaction, the chief executive officer now owns 487,581 shares in the company, valued at $28,767,279. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Monday, July 1st. The stock was sold at an average price of $59.00, for a total value of $236,000.00. Following the completion of the transaction, the chief executive officer now directly owns 487,581 shares in the company, valued at $28,767,279. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, the director now owns 12,970 shares in the company, valued at $543,961.80. The disclosure for this sale can be found here. Insiders have sold 18,770 shares of company stock valued at $908,894 in the last 90 days. Insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in FormFactor by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after purchasing an additional 154,361 shares during the period. Earnest Partners LLC grew its position in shares of FormFactor by 0.6% in 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 last quarter. Hood River Capital Management LLC increased its stake in shares of FormFactor by 7.2% during the first quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock valued at $94,867,000 after buying an additional 140,223 shares during the period. Wellington Management Group LLP raised its holdings in shares of FormFactor by 81.1% during 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 acquiring an additional 862,885 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in 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 acquiring an additional 76,032 shares during the period. Institutional investors 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.