FormFactor, Inc. (NASDAQ:FORM) Stock Has Consensus Price Target of $139.73

Key Points

• Analysts have a “Moderate Buy” consensus on FormFactor, with seven buy ratings and five hold ratings among 12 firms. The average 12-month price target is $139.73.
• FormFactor beat quarterly expectations, reporting EPS of $1.04 versus $0.86 expected and revenue of $280.55 million versus $270.52 million expected. Revenue grew 38.4% year over year.
• Company insiders sold 46,710 shares worth about $5.52 million over the past 90 days; institutional investors and hedge funds own 98.76% of the stock.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $139.73.

Several research firms have commented on FORM. Evercore set a $150.00 price objective on FormFactor in a research report on Thursday, July 30th. Wall Street Zen raised shares of FormFactor from a "buy" rating to a "strong-buy" rating in a report on Saturday. B. Riley Financial reiterated a "buy" rating on shares of FormFactor in a research note on Monday, October 19th. Stifel Nicolaus set a $115.00 target price on shares of FormFactor in a research note on Tuesday, October 13th. Finally, Weiss Ratings raised shares of FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 17,510 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total value of $1,833,822.30. Following the completion of the transaction, the chief executive officer owned 466,694 shares in the company, valued at approximately $48,876,862.62. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the sale, the director directly owned 24,426 shares in the company, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 46,710 shares of company stock valued at $5,520,564 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Large investors have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in FormFactor by 12.5% in the 3rd quarter. Brighton Jones LLC now owns 1,439 shares of the semiconductor company's stock valued at $215,000 after acquiring an additional 160 shares during the period. Ethic Inc. raised its position in FormFactor by 218.2% during the third quarter. Ethic Inc. now owns 9,861 shares of the semiconductor company's stock worth $1,472,000 after acquiring an additional 6,762 shares during the period. Kornitzer Capital Management Inc. KS raised its position in FormFactor by 50.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 12,040 shares of the semiconductor company's stock worth $1,798,000 after acquiring an additional 4,040 shares during the period. Parallel Advisors LLC lifted its holdings in FormFactor by 3.4% during the third quarter. Parallel Advisors LLC now owns 6,041 shares of the semiconductor company's stock valued at $902,000 after purchasing an additional 201 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in FormFactor during the third quarter valued at $842,000. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Price Performance

Shares of FORM opened at $96.79 on Wednesday. The business's 50-day moving average is $115.48 and its two-hundred day moving average is $113.63. The company has a market capitalization of $7.55 billion, a P/E ratio of 44.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.68. FormFactor has a fifty-two week low of $47.33 and a fifty-two week high of $160.27.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.18. The business had revenue of $280.55 million during the quarter, compared to analyst estimates of $270.52 million. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The company's revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Research analysts predict that FormFactor will post 2.96 earnings per share for the current year.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company's portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.

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