Brokerages Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $42.71

Shares of FormFactor, Inc. (NASDAQ:FORM) have been given an average rating of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $42.71.

FORM has been the topic of several recent research reports. B. Riley boosted their price target on FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Stifel Nicolaus dropped their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Evercore ISI dropped their price objective on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research note on Thursday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. Finally, DA Davidson dropped their price objective on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st.

Insider Buying and Selling

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director now directly owns 40,957 shares in the company, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief executive officer now owns 510,650 shares in the company, valued at $16,197,818. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock valued at $333,560 over the last quarter. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

A number of institutional investors and hedge funds have recently modified their holdings of FORM. D.A. Davidson & CO. boosted its stake in shares of FormFactor by 5.5% during the fourth quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock valued at $242,000 after acquiring an additional 288 shares during the last quarter. Aviva PLC boosted its stake in shares of FormFactor by 2.3% during the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock valued at $649,000 after acquiring an additional 331 shares during the last quarter. CWM LLC boosted its stake in shares of FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 382 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of FormFactor by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 400 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of FormFactor stock opened at $29.76 on Wednesday. The firm’s fifty day simple moving average is $28.74 and its 200-day simple moving average is $35.69. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 33.44 and a beta of 1.14. FormFactor has a 12 month low of $22.58 and a 12 month high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. FormFactor’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. As a group, 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.