Brokerages Set FormFactor, Inc. (NASDAQ:FORM) PT at $59.63

FormFactor, Inc. (NASDAQ:FORM) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $59.63.

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of FormFactor in a report on Thursday, August 1st. B. Riley boosted their target price on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. TD Cowen boosted their price objective on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus lifted their price target on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Finally, DA Davidson raised their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the transaction, the chief executive officer now directly owns 523,187 shares of the company’s stock, valued at $26,645,913.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total transaction of $203,720.00. Following the sale, the chief executive officer now owns 523,187 shares in the company, valued at $26,645,913.91. This trade represents a 0.00 % 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 link. Also, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,770 shares of company stock worth $854,014. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its stake in FormFactor by 7.0% during the first quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock worth $11,976,000 after purchasing an additional 17,079 shares during the period. UniSuper Management Pty Ltd acquired a new position in FormFactor in the first quarter valued at $664,000. Teachers Retirement System of The State of Kentucky increased its stake in FormFactor by 74.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock worth $1,787,000 after acquiring an additional 18,293 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of FormFactor by 16.2% in the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock worth $5,160,000 after purchasing an additional 15,756 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of FormFactor in the 1st quarter valued at about $1,030,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Stock Performance

NASDAQ FORM opened at $44.15 on Tuesday. The business’s 50-day moving average price is $46.01 and its 200 day moving average price is $50.72. The company has a quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.41 billion, a P/E ratio of 33.45 and a beta of 1.11. FormFactor has a 52-week low of $31.51 and a 52-week high of $63.63.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. The business had revenue of $197.47 million during the quarter, compared to analysts’ expectations of $195.01 million. On average, equities research analysts expect that FormFactor will post 0.74 earnings per share for the current year.

FormFactor Company Profile

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.