Analysts Set FormFactor, Inc. (NASDAQ:FORM) PT at $48.50

Shares of FormFactor, Inc. (NASDAQ:FORM) have been assigned an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings 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 price target among brokerages that have covered the stock in the last year is $48.50.

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

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the transaction, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 12,000 shares of company stock worth $496,040 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Several large investors have recently added to or reduced their stakes in FORM. Algert Global LLC grew its position in FormFactor by 134.4% in the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after acquiring an additional 30,410 shares in the last quarter. FMR LLC increased its position in shares of FormFactor by 1,255.5% in the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after acquiring an additional 107,837 shares during the period. Citigroup Inc. raised 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 acquiring an additional 39,419 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FormFactor by 14.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after purchasing an additional 972 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of FormFactor in the third quarter worth about $818,000. Institutional investors own 98.76% of the company’s stock.

FormFactor Trading Down 5.4 %

NASDAQ FORM opened at $35.38 on Monday. The business’s fifty day moving average is $41.76 and its 200-day moving average is $43.18. 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 stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 39.75 and a beta of 1.07. FormFactor has a one year low of $32.71 and a one year high of $63.63.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 EPS 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%. Equities research analysts predict that FormFactor will post 0.9 EPS for the current 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.