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

FormFactor, Inc. (NASDAQ:FORM) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $48.50.

Several equities analysts recently commented on FORM shares. Evercore ISI reduced their target price 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. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus reduced their target price on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup raised shares of 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 report on Monday, January 6th.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 12,000 shares of company stock valued at $496,040. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Institutional investors and hedge funds have recently modified their holdings of the stock. Algert Global LLC lifted its position in shares of FormFactor by 134.4% in the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after purchasing an additional 30,410 shares during the period. FMR LLC lifted its position in shares of FormFactor by 1,255.5% in the 3rd quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock worth $5,356,000 after purchasing an additional 107,837 shares during the period. Citigroup Inc. lifted its position in FormFactor by 59.4% during the 3rd 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 period. Wealth Enhancement Advisory Services LLC lifted its position in FormFactor by 14.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock valued at $362,000 after acquiring an additional 972 shares during the period. Finally, Intech Investment Management LLC purchased a new position in FormFactor during the 3rd quarter valued at about $818,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $35.38 on Monday. The company’s fifty day moving average price is $41.76 and its 200-day moving average price is $43.19. The firm 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. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83.

FormFactor (NASDAQ:FORM) last released its earnings results 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 net margin of 9.12% and a return on equity of 5.93%. On average, equities research analysts anticipate that FormFactor will post 0.9 earnings per share 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.