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

Shares of FormFactor, Inc. (NASDAQ:FORM) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $49.30.

A number of equities research analysts have recently issued reports on the stock. Craig Hallum boosted their target price on shares of FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Citigroup boosted their target price on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. TD Cowen boosted their target price on FormFactor from $37.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Evercore ISI began coverage on shares of FormFactor in a research note on Tuesday, April 16th. They set an “in-line” rating and a $50.00 target price on the stock.

FormFactor Stock Down 0.4 %

NASDAQ:FORM opened at $61.99 on Friday. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 46.96 and a beta of 1.11. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $56.50 and a two-hundred day moving average price of $47.21. FormFactor has a 1 year low of $29.50 and a 1 year high of $62.68.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The firm had revenue of $168.73 million during the quarter, compared to the consensus estimate of $165.45 million. As a group, equities analysts expect that FormFactor will post 0.72 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the sale, the chief executive officer now owns 491,781 shares of the company’s stock, valued at approximately $21,515,418.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Sheri Rhodes sold 13,319 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the transaction, the director now directly owns 7,634 shares of the company’s stock, valued at $427,656.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at $21,515,418.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,536 shares of company stock worth $2,075,394. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new position in shares of FormFactor in the 1st quarter valued at $28,000. GAMMA Investing LLC purchased a new position in FormFactor in the fourth quarter valued at about $55,000. Quadrant Capital Group LLC grew its position in shares of FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after buying an additional 260 shares during the last quarter. LRI Investments LLC bought a new position in shares of FormFactor during the 1st quarter worth approximately $70,000. Finally, Covestor Ltd lifted its position in FormFactor by 3,951.3% during the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 1,541 shares during the last quarter. Hedge funds and other 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.