Brokerages Set FormFactor, Inc. (NASDAQ:FORM) Price Target at $42.71

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

Several equities analysts recently weighed in on the stock. Evercore ISI cut their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. B. Riley lifted their price target on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. DA Davidson lowered their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Stifel Nicolaus dropped their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm'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 sale, the chief executive officer now owns 510,650 shares of the company's stock, valued at $16,197,818. This trade represents a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company's stock.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently added to or reduced their stakes in FORM. Vanguard Group Inc. boosted its holdings in FormFactor by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after buying an additional 484,176 shares during the last quarter. Earnest Partners LLC boosted its holdings in FormFactor by 10.9% during the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after buying an additional 594,426 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of FormFactor by 127.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock worth $137,050,000 after acquiring an additional 1,742,493 shares during the last quarter. Bank of America Corp DE grew its holdings in FormFactor by 29.9% in the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after buying an additional 585,117 shares during the period. Finally, Geode Capital Management LLC increased its position in FormFactor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock worth $92,577,000 after purchasing an additional 36,438 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Up 2.0 %

Shares of FORM traded up $0.60 during mid-day trading on Friday, hitting $30.26. 92,395 shares of the company traded hands, compared to its average volume of 767,965. The company has a market capitalization of $2.33 billion, a PE ratio of 34.00 and a beta of 1.14. FormFactor has a 1-year low of $22.58 and a 1-year high of $63.63. The business has a 50 day moving average of $28.93 and a 200 day moving average of $36.96. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $171.36 million for the quarter, compared to the consensus estimate of $170.03 million. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. Equities research analysts anticipate that FormFactor will post 0.9 EPS for the current 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.