Analysts Set FormFactor, Inc. (NASDAQ:FORM) PT at $55.38

Shares of FormFactor, Inc. (NASDAQ:FORM) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $55.38.

A number of research analysts have recently weighed in on the company. TD Cowen cut their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC cut their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently bought and sold shares of FORM. Algert Global LLC raised its position in FormFactor by 134.4% during the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock valued at $2,440,000 after purchasing an additional 30,410 shares in the last quarter. FMR LLC increased its stake in shares of FormFactor by 1,255.5% during the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after buying an additional 107,837 shares during the period. Citigroup Inc. increased its stake in shares of FormFactor by 59.4% during the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock valued at $4,867,000 after buying an additional 39,419 shares during the period. Intech Investment Management LLC bought a new stake in shares of FormFactor in the third quarter valued at about $818,000. Finally, Barclays PLC lifted its stake in FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock worth $6,692,000 after acquiring an additional 113,296 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

FORM opened at $44.22 on Friday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 25.41 and a beta of 1.12. FormFactor has a fifty-two week low of $37.21 and a fifty-two week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The company has a fifty day moving average of $42.22 and a 200 day moving average of $47.37.

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.