Brokerages Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $55.38

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

Several research analysts have recently issued reports on the stock. Needham & Company LLC reduced their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. TD Cowen reduced their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st.

FormFactor Price Performance

FormFactor stock opened at $44.00 on Friday. The business’s 50-day simple moving average is $42.19 and its 200 day simple moving average is $47.51. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 25.29 and a beta of 1.12. FormFactor has a 12-month low of $37.21 and a 12-month high of $63.63.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently modified their holdings of FORM. Advisors Asset Management Inc. raised its holdings in FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after buying an additional 309 shares during the period. Quarry LP raised its holdings in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares during the period. Redwood Wealth Management Group LLC bought a new stake in FormFactor in the 2nd quarter valued at $43,000. CWM LLC boosted its stake in FormFactor by 57.3% in the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 1,044 shares during the period. Finally, GAMMA Investing LLC boosted its stake in FormFactor by 49.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,123 shares during the period. Institutional investors own 98.76% of the company’s stock.

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.