FormFactor, Inc. (NASDAQ:FORM) Receives $48.50 Average PT from Brokerages

FormFactor, Inc. (NASDAQ:FORM) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $48.50.

Several equities research analysts recently commented on FORM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Stifel Nicolaus reduced their price objective 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. 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. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, TD Cowen decreased their price target 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.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 12,000 shares of company stock worth $496,040 over the last three months. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in FormFactor during the 4th quarter worth $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in FormFactor by 45.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 164,585 shares of the semiconductor company’s stock worth $7,242,000 after purchasing an additional 51,487 shares during the last quarter. Vident Advisory LLC grew its position in FormFactor by 21.5% in the 4th quarter. Vident Advisory LLC now owns 6,140 shares of the semiconductor company’s stock worth $270,000 after purchasing an additional 1,088 shares in the last quarter. Soviero Asset Management LP purchased a new stake in FormFactor in the 4th quarter valued at about $3,256,000. Finally, State of Wyoming increased its stake in FormFactor by 214.6% in the 4th quarter. State of Wyoming now owns 9,680 shares of the semiconductor company’s stock valued at $426,000 after buying an additional 6,603 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Down 5.4 %

Shares of NASDAQ FORM opened at $35.38 on Monday. The company’s 50 day moving average price is $41.76 and its 200-day moving average price is $43.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor has a 52-week low of $32.71 and a 52-week high of $63.63. The company has a market capitalization of $2.74 billion, a P/E ratio of 39.75 and a beta of 1.07.

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

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.