FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $48.40.

A number of brokerages have recently issued reports on FORM. B. Riley upped their target price on shares of FormFactor from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Citigroup increased their price objective on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Craig Hallum increased their price objective on shares of FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Needham & Company LLC increased their price objective on shares of FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd.

FormFactor Price Performance

Shares of FORM stock opened at $59.59 on Friday. FormFactor has a 1 year low of $29.43 and a 1 year high of $60.67. The firm’s 50 day moving average is $47.58 and its 200-day moving average is $42.73. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The company had revenue of $168.73 million for the quarter, compared to analyst estimates of $165.45 million. Sell-side analysts forecast that FormFactor will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the sale, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the sale, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total transaction of $445,100.00. Following the sale, the chief financial officer now directly 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. Over the last 90 days, insiders sold 46,703 shares of company stock valued at $2,363,442. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares in the last quarter. Arizona State Retirement System grew its position in FormFactor by 1.4% in the third quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company’s stock valued at $767,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC lifted its stake in FormFactor by 30.4% in the first quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 434 shares during the last quarter. HighTower Advisors LLC lifted its stake in FormFactor by 3.1% in the third quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company’s stock valued at $684,000 after acquiring an additional 582 shares during the last quarter. Finally, Swiss National Bank lifted its stake in FormFactor by 0.4% in the first quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock valued at $7,009,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

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.