FormFactor, Inc. (NASDAQ:FORM) Receives $42.56 Average PT from Analysts

FormFactor, Inc. (NASDAQ:FORM) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Four investment 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 analysts that have issued ratings on the stock in the last year is $42.56.

A number of equities research analysts recently weighed in on FORM shares. TD Cowen boosted their price target on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Evercore ISI started coverage on FormFactor in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price target on the stock. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 price target on shares of FormFactor in a research note on Thursday, February 8th.

FormFactor Trading Up 5.1 %

FORM stock opened at $43.86 on Tuesday. The business has a fifty day moving average price of $43.57 and a 200 day moving average price of $40.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. FormFactor has a fifty-two week low of $24.88 and a fifty-two week high of $47.94. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 41.38 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $168.16 million during the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. Analysts expect that FormFactor will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the transaction, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the transaction, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,000 shares of company stock valued at $1,223,580. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in FormFactor by 4.1% in the first quarter. Fifth Third Bancorp now owns 47,300 shares of the semiconductor company’s stock valued at $2,158,000 after buying an additional 1,862 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in FormFactor by 5.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 338,999 shares of the semiconductor company’s stock valued at $15,469,000 after purchasing an additional 18,375 shares during the last quarter. Mirador Capital Partners LP boosted its position in FormFactor by 2.7% during the first quarter. Mirador Capital Partners LP now owns 131,761 shares of the semiconductor company’s stock worth $6,012,000 after purchasing an additional 3,436 shares during the period. Ausbil Investment Management Ltd increased its holdings in shares of FormFactor by 79.6% in the first quarter. Ausbil Investment Management Ltd now owns 8,938 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 3,961 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of FormFactor in the first quarter valued at about $28,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.