FormFactor, Inc. (NASDAQ:FORM) Receives Average Rating of “Hold” from Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $42.56.

FORM has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 target price on shares of FormFactor in a report on Thursday, February 8th. TheStreet upgraded shares of FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. TD Cowen increased their price objective on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Evercore ISI started coverage on shares of FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 target price for the company.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the completion of the sale, the chief executive officer now directly owns 495,781 shares in the company, valued at $22,776,179.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $22,776,179.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total value of $445,100.00. Following the sale, the chief financial officer now owns 27,591 shares of the company’s stock, valued at approximately $1,228,075.41. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock valued at $1,223,580 in the last ninety days. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

A number of hedge funds have recently modified their holdings of the stock. Riverview Trust Co bought a new stake in FormFactor during the first quarter valued at $28,000. GAMMA Investing LLC purchased a new stake in FormFactor in the 4th quarter worth approximately $55,000. 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. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in FormFactor during the 3rd quarter valued at approximately $70,000. Finally, CWM LLC grew its holdings in shares of FormFactor by 124.3% during the 3rd quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 1,530 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Trading Up 2.0 %

Shares of NASDAQ FORM opened at $44.75 on Tuesday. FormFactor has a 12 month low of $24.88 and a 12 month high of $47.94. The business has a fifty day simple moving average of $43.62 and a 200-day simple moving average of $40.15. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 42.22 and a beta of 1.18. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. Sell-side analysts predict that FormFactor will post 0.63 EPS 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.