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

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

A number of brokerages recently weighed in on FORM. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. DA Davidson raised their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their price objective on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of FormFactor in a research report on Thursday, August 1st. Finally, B. Riley lifted their target price on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 20th.

Insider Buying and Selling

In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the sale, the chief executive officer now owns 523,187 shares in the company, valued at $26,645,913.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at $543,961.80. The disclosure for this sale can be found here. Insiders sold a total of 18,770 shares of company stock valued at $908,894 over the last three months. 0.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FORM. Riverview Trust Co acquired a new stake in FormFactor in the first quarter valued at $28,000. Innealta Capital LLC acquired a new stake in shares of FormFactor in the second quarter valued at about $38,000. Redwood Wealth Management Group LLC purchased a new stake in FormFactor during the second quarter worth about $43,000. LRI Investments LLC acquired a new position in FormFactor during the first quarter worth about $70,000. Finally, Covestor Ltd increased its holdings in FormFactor by 3,951.3% in the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 1,541 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $46.90 on Friday. The stock’s 50-day simple moving average is $47.24 and its 200-day simple moving average is $50.48. The firm has a market capitalization of $3.62 billion, a PE ratio of 35.53 and a beta of 1.11. FormFactor has a fifty-two week low of $31.51 and a fifty-two week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The company had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million. As a group, equities research analysts forecast that FormFactor will post 0.74 EPS for the current fiscal year.

FormFactor Company Profile

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.