FormFactor, Inc. (NASDAQ:FORM) Receives Average Recommendation of “Hold” from Brokerages

FormFactor, Inc. (NASDAQ:FORM) has received an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $48.50.

FORM has been the topic of several research reports. Stifel Nicolaus decreased their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $51.00 in a research note on Monday, January 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, Evercore ISI lowered their target price on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Institutional Trading of FormFactor

Several large investors have recently made changes to their positions in the company. D.A. Davidson & CO. lifted its position in shares of FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock worth $242,000 after buying an additional 288 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of 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 in the last quarter. Aviva PLC lifted its position in shares of FormFactor by 2.3% during the 4th quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock worth $649,000 after buying an additional 331 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of FormFactor by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company’s stock worth $356,000 after buying an additional 400 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of FormFactor by 7.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock worth $276,000 after buying an additional 415 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Price Performance

FormFactor stock opened at $30.58 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The company has a market capitalization of $2.37 billion, a PE ratio of 34.36 and a beta of 1.07. FormFactor has a one year low of $30.22 and a one year high of $63.63. The business has a 50 day simple moving average of $38.52 and a 200 day simple moving average of $41.82.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, sell-side analysts forecast that FormFactor will post 0.9 EPS for the current fiscal year.

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.