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

Shares of FormFactor, Inc. (NASDAQ:FORM) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $56.00.

A number of analysts have recently commented on FORM shares. Needham & Company LLC cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, TD Cowen cut their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st.

FormFactor Trading Up 3.0 %

NASDAQ FORM opened at $44.20 on Thursday. The firm has a market capitalization of $3.42 billion, a PE ratio of 25.40 and a beta of 1.08. The stock’s 50 day moving average is $42.90 and its 200 day moving average is $45.72. FormFactor has a twelve month low of $37.25 and a twelve month high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now owns 522,531 shares of the company’s stock, valued at approximately $23,221,277.64. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund raised its position in FormFactor by 876.0% in the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after buying an additional 290,254 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of FormFactor during the second quarter valued at approximately $15,893,000. TimesSquare Capital Management LLC lifted its position in FormFactor by 29.6% during the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock valued at $26,988,000 after purchasing an additional 134,170 shares during the period. Barclays PLC boosted its holdings in FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock worth $6,692,000 after purchasing an additional 113,296 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in FormFactor by 59.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company’s stock worth $12,729,000 after purchasing an additional 112,537 shares during the period. 98.76% of the stock is owned by institutional investors.

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.