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

FormFactor, Inc. (NASDAQ:FORM) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com 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 brokerages that have updated their coverage on the stock in the last year is $55.38.

FORM has been the topic of a number of recent analyst reports. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. TD Cowen dropped their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC reduced their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the transaction, the chief executive officer now directly owns 526,531 shares in the company, valued at $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FORM. GAMMA Investing LLC raised its position in FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after purchasing an additional 406 shares in the last quarter. CWM LLC raised its position in FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 370 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in FormFactor during the second quarter valued at about $224,000. Assenagon Asset Management S.A. purchased a new stake in FormFactor during the second quarter valued at about $6,871,000. Finally, Blue Trust Inc. raised its position in FormFactor by 142.5% during the second quarter. Blue Trust Inc. now owns 13,304 shares of the semiconductor company’s stock valued at $805,000 after purchasing an additional 7,817 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Price Performance

FORM opened at $42.27 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12. The firm’s fifty day moving average price is $42.65 and its two-hundred day moving average price is $49.07. FormFactor has a 1 year low of $36.11 and a 1 year high of $63.63.

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.