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

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $55.38.

Several brokerages have commented on FORM. TD Cowen lowered their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Needham & Company LLC decreased their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

FormFactor Stock Down 2.1 %

Shares of FORM opened at $42.00 on Wednesday. FormFactor has a one year low of $37.21 and a one year high of $63.63. The company has a market cap of $3.25 billion, a P/E ratio of 24.14 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The firm has a 50 day simple moving average of $42.47 and a two-hundred day simple moving average of $48.60.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now owns 526,531 shares of the company’s stock, valued at $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Several institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in shares of FormFactor by 1.4% in the third quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock worth $134,019,000 after purchasing an additional 39,784 shares during the last quarter. Geode Capital Management LLC boosted its position in FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after acquiring an additional 73,982 shares during the last quarter. Bank of New York Mellon Corp boosted its position in FormFactor by 91.5% during the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after acquiring an additional 612,838 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in FormFactor by 8.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock valued at $48,928,000 after acquiring an additional 79,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in FormFactor by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after acquiring an additional 32,889 shares during the last quarter. 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.