FormFactor, Inc. (NASDAQ:FORM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM) have received a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $48.50.

FORM has been the topic of a number of research reports. Evercore ISI decreased their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Finally, TD Cowen decreased their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st.

FormFactor Price Performance

FORM stock opened at $37.80 on Monday. The company has a quick ratio of 3.94, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.93 billion, a P/E ratio of 42.47 and a beta of 1.07. The company’s 50-day moving average price is $42.30 and its two-hundred day moving average price is $43.39. FormFactor has a 12 month low of $32.71 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, analysts anticipate that FormFactor will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s 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 transaction, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 12,000 shares of company stock valued at $496,040. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in FormFactor by 127.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock worth $137,050,000 after acquiring an additional 1,742,493 shares during the period. Earnest Partners LLC raised its stake in FormFactor by 10.9% in the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock valued at $265,632,000 after acquiring an additional 594,426 shares during the period. Vanguard Group Inc. boosted its position in FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock worth $465,575,000 after purchasing an additional 484,176 shares during the period. Sei Investments Co. boosted its holdings in FormFactor by 34.5% in the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company’s stock worth $70,202,000 after buying an additional 409,304 shares during the period. Finally, Royce & Associates LP raised its holdings in FormFactor by 30.1% during the 4th quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company’s stock valued at $77,312,000 after acquiring an additional 406,768 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.