FormFactor, Inc. (NASDAQ:FORM) Given Average Recommendation of "Hold" by Brokerages

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has received a consensus recommendation of "Hold" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $42.71.

Several brokerages have commented on FORM. DA Davidson dropped their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. B. Riley boosted their price target on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Evercore ISI reduced their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Finally, Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st.

FormFactor Stock Performance

NASDAQ:FORM traded down $0.02 during trading hours on Friday, reaching $34.45. The company had a trading volume of 400,749 shares, compared to its average volume of 779,499. The business's 50 day moving average price is $30.83 and its 200-day moving average price is $34.83. FormFactor has a 1-year low of $22.58 and a 1-year high of $63.63. The firm has a market cap of $2.66 billion, a PE ratio of 49.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.45 and a quick ratio of 3.56.

FormFactor (NASDAQ:FORM - Get Free Report) last posted 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 net margin of 7.08% and a return on equity of 6.47%. The business had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. During the same period in the prior year, the company posted $0.18 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts forecast that FormFactor will post 0.9 EPS for the current year.

Insider Transactions at FormFactor

In related news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 40,957 shares of the company's stock, valued at approximately $1,279,496.68. This trade represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the sale, the chief executive officer now owns 510,650 shares of the company's stock, valued at approximately $16,197,818. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock valued at $333,560 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

Several hedge funds have recently made changes to their positions in FORM. Public Employees Retirement System of Ohio purchased a new position in FormFactor in the fourth quarter worth approximately $27,000. AlphaQuest LLC grew its holdings in shares of FormFactor by 96,900.0% during the 1st quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 969 shares during the period. Versant Capital Management Inc grew its holdings in shares of FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 861 shares during the period. Headlands Technologies LLC acquired a new stake in shares of FormFactor during the 1st quarter worth about $42,000. Finally, Pinpoint Asset Management Ltd purchased a new stake in FormFactor in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors 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.