FormFactor, Inc. (NASDAQ:FORM) Given Consensus Rating of "Hold" by Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $42.71.

Several research firms recently issued reports on FORM. DA Davidson dropped their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Evercore ISI dropped their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Finally, B. Riley upped their target price on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st.

FormFactor Stock Down 2.2%

Shares of FORM stock traded down $0.74 on Friday, hitting $32.55. 1,126,580 shares of the stock were exchanged, compared to its average volume of 781,160. The company has a current ratio of 4.45, a quick ratio of 3.56 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.51 billion, a P/E ratio of 47.17 and a beta of 1.13. The business has a 50-day moving average of $30.57 and a 200 day moving average of $34.90. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $63.63.

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

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on 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 now directly owns 510,650 shares of the company's stock, valued at $16,197,818. This represents a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dennis Thomas St sold 3,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director now directly owns 40,957 shares in the company, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,000 shares of company stock valued at $333,560. Insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On FormFactor

Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its holdings in shares of FormFactor by 127.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after purchasing an additional 1,742,493 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of FormFactor in the 1st quarter valued at $25,838,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of FormFactor by 82.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company's stock valued at $55,554,000 after purchasing an additional 885,617 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of FormFactor by 160.6% in the 1st quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company's stock valued at $32,692,000 after purchasing an additional 712,196 shares in the last quarter. Finally, Earnest Partners LLC raised its position in FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after purchasing an additional 594,426 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

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.