FormFactor, Inc. (NASDAQ:FORM) Receives Average Rating of “Moderate Buy” from Analysts

FormFactor, Inc. (NASDAQ:FORMGet Rating) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.00.

FORM has been the subject of several analyst reports. DA Davidson lowered their target price on shares of FormFactor from $40.00 to $32.00 in a report on Thursday, October 27th. Needham & Company LLC reduced their target price on shares of FormFactor from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, October 27th. Stifel Nicolaus lowered shares of FormFactor from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Thursday, October 27th. Citigroup cut their price objective on shares of FormFactor from $42.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Finally, TheStreet lowered shares of FormFactor from a “b-” rating to a “c+” rating in a research report on Thursday, September 22nd.

FormFactor Trading Down 0.7 %

FORM opened at $24.91 on Friday. FormFactor has a twelve month low of $18.15 and a twelve month high of $44.40. The company has a quick ratio of 2.35, a current ratio of 3.15 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $23.22 and a 200-day moving average of $27.48. The stock has a market cap of $1.92 billion, a PE ratio of 21.66 and a beta of 1.17.

FormFactor (NASDAQ:FORMGet Rating) last issued its earnings results on Wednesday, October 26th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. FormFactor had a net margin of 11.48% and a return on equity of 12.64%. The business had revenue of $180.87 million for the quarter, compared to analyst estimates of $184.40 million. On average, sell-side analysts predict that FormFactor will post 0.94 EPS for the current year.

Institutional Investors Weigh In On FormFactor

Several hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FormFactor in the 3rd quarter worth approximately $86,000. Kennedy Capital Management Inc. bought a new stake in shares of FormFactor in the 2nd quarter worth approximately $5,326,000. Peregrine Capital Management LLC lifted its holdings in shares of FormFactor by 12.8% in the 3rd quarter. Peregrine Capital Management LLC now owns 201,550 shares of the semiconductor company’s stock worth $5,049,000 after acquiring an additional 22,845 shares during the last quarter. M&G Investment Management Ltd. bought a new stake in shares of FormFactor in the 3rd quarter worth approximately $1,361,000. Finally, Royce & Associates LP lifted its holdings in shares of FormFactor by 12.4% in the 3rd quarter. Royce & Associates LP now owns 2,578,766 shares of the semiconductor company’s stock worth $64,598,000 after acquiring an additional 283,871 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

FormFactor Company Profile

(Get Rating)

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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Analyst Recommendations for FormFactor (NASDAQ:FORM)

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