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

Shares of FormFactor, Inc. (NASDAQ:FORM) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $59.63.

FORM has been the topic of a number of analyst reports. Craig Hallum increased their target price on shares of FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of FormFactor in a research note on Thursday, August 1st. TD Cowen raised their price target on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Citigroup raised their price target on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th.

FormFactor Trading Up 0.9 %

FORM opened at $41.25 on Thursday. The stock has a market capitalization of $3.18 billion, a P/E ratio of 31.25 and a beta of 1.12. FormFactor has a 12 month low of $29.50 and a 12 month high of $63.63. The firm’s fifty day simple moving average is $56.82 and its 200 day simple moving average is $49.52. The company has a current ratio of 4.46, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $59.00, for a total transaction of $236,000.00. Following the transaction, the chief executive officer now directly owns 487,581 shares of the company’s stock, valued at $28,767,279. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $59.00, for a total transaction of $236,000.00. Following the completion of the transaction, the chief executive officer now owns 487,581 shares of the company’s stock, valued at $28,767,279. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 4,833 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $57.59, for a total transaction of $278,332.47. Following the transaction, the director now directly owns 10,598 shares of the company’s stock, valued at approximately $610,338.82. The disclosure for this sale can be found here. Insiders sold 18,123 shares of company stock worth $1,018,182 over the last three months. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its stake in FormFactor by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock worth $2,349,000 after acquiring an additional 200 shares during the period. Quadrant Capital Group LLC lifted its stake in FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 shares during the period. Arizona State Retirement System lifted its position in shares of FormFactor by 1.5% during the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock valued at $1,315,000 after buying an additional 331 shares during the last quarter. CWM LLC lifted its position in shares of FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 370 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 406 shares during the last quarter. 98.76% of the stock is currently 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.