FormFactor, Inc. (NASDAQ:FORM) Receives $42.71 Consensus Price Target from Analysts

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has received an average recommendation of "Hold" from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $42.71.

A number of analysts have recently issued reports on FORM shares. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Evercore ISI decreased their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. DA Davidson decreased their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, B. Riley lifted their target price on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer directly owned 510,650 shares in the company, valued at approximately $16,197,818. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dennis Thomas St sold 3,000 shares of FormFactor stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director owned 40,957 shares in the company, valued at $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On FormFactor

Several large investors have recently modified their holdings of FORM. Proficio Capital Partners LLC bought a new stake in FormFactor during the 4th quarter worth approximately $1,123,000. Raymond James Financial Inc. acquired a new position in FormFactor during the 4th quarter worth $14,222,000. Avantax Advisory Services Inc. lifted its holdings in FormFactor by 27.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 27,428 shares of the semiconductor company's stock worth $1,207,000 after buying an additional 5,988 shares in the last quarter. Swiss National Bank lifted its holdings in FormFactor by 0.9% during the 4th quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock worth $6,697,000 after buying an additional 1,400 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in FormFactor during the 4th quarter worth $4,647,000. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Down 1.8%

Shares of FORM stock traded down $0.63 during mid-day trading on Thursday, hitting $35.28. 491,855 shares of the company's stock were exchanged, compared to its average volume of 776,090. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $60.73. The stock has a 50-day simple moving average of $33.53 and a two-hundred day simple moving average of $33.71. The company has a quick ratio of 3.56, a current ratio of 4.45 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 51.13 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Equities analysts expect that FormFactor will post 0.9 EPS for the current fiscal 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.