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

FormFactor, Inc. (NASDAQ:FORM) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $55.38.

A number of brokerages have issued reports on FORM. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Needham & Company LLC cut 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 cut their target price 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. Finally, DA Davidson lifted their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

FormFactor Price Performance

FORM stock opened at $40.00 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor has a 52 week low of $36.11 and a 52 week high of $63.63. The firm’s fifty day moving average is $43.72 and its 200 day moving average is $50.48. The firm has a market cap of $3.10 billion, a P/E ratio of 22.99 and a beta of 1.12.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently bought and sold shares of FORM. Advisors Asset Management Inc. lifted its position in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of FormFactor in the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC bought a new stake in shares of FormFactor in the 2nd quarter worth about $43,000. LRI Investments LLC bought a new stake in shares of FormFactor in the 1st quarter worth about $70,000. Finally, Covestor Ltd lifted its holdings in shares of FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 1,541 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.