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

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $59.63.

A number of analysts have recently issued reports on FORM shares. Evercore ISI started coverage on FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target for the company. Stifel Nicolaus lifted their price target on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. TD Cowen boosted their target price on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Citigroup boosted their target price on FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of FormFactor in a research report on Thursday, August 1st.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total transaction of $203,720.00. Following the sale, the chief executive officer now owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total transaction of $203,720.00. Following the completion of the sale, the chief executive officer now directly owns 523,187 shares in the company, valued at approximately $26,645,913.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rebeca Obregon-Jimenez sold 4,833 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $57.59, for a total transaction of $278,332.47. Following the completion of the transaction, the director now directly owns 10,598 shares of the company’s stock, valued at $610,338.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,123 shares of company stock worth $1,018,182. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

A number of large investors have recently added to or reduced their stakes in FORM. Dynamic Technology Lab Private Ltd acquired a new stake in FormFactor in the 4th quarter worth $644,000. Bessemer Group Inc. grew its position in FormFactor by 7.0% in the first quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock valued at $11,976,000 after purchasing an additional 17,079 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in FormFactor in the first quarter valued at $664,000. Lisanti Capital Growth LLC lifted its stake in FormFactor by 124.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 166,730 shares of the semiconductor company’s stock valued at $6,954,000 after acquiring an additional 92,405 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of FormFactor by 74.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock worth $1,787,000 after buying an additional 18,293 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Up 0.9 %

Shares of FORM opened at $41.25 on Thursday. The business has a 50-day moving average of $56.82 and a 200 day moving average of $49.52. FormFactor has a fifty-two week low of $29.50 and a fifty-two week high of $63.63. The firm has a market cap of $3.18 billion, a P/E ratio of 31.25 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.46.

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.