FormFactor, Inc. (NASDAQ:FORM) Receives $41.14 Consensus Target Price from Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM - Get Free Report) have received a consensus recommendation of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.1429.

Several brokerages recently issued reports on FORM. 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 report on Thursday, May 1st. Evercore ISI decreased their price target 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. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson reduced their target price on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus reduced their target price on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, July 31st.

Insider Buying and Selling

In other news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 40,957 shares in the company, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the transaction, the director owned 13,126 shares in the company, valued at $387,873.30. This trade represents a 23.36% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of FormFactor by 282.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 547 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of FormFactor in the fourth quarter valued at approximately $27,000. AlphaQuest LLC boosted its position in shares of FormFactor by 96,900.0% in the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 969 shares during the period. Versant Capital Management Inc lifted its position in FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 861 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of FormFactor during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Price Performance

Shares of FormFactor stock traded down $0.57 during midday trading on Monday, hitting $30.00. 562,170 shares of the company traded hands, compared to its average volume of 832,067. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 53.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. The firm's fifty day moving average price is $33.50 and its 200-day moving average price is $32.24. FormFactor has a 12 month low of $22.58 and a 12 month high of $51.68.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The company had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. As a group, sell-side analysts forecast that FormFactor will post 0.9 earnings per share 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.