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

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.71.

A number of equities analysts recently issued reports on FORM shares. Stifel Nicolaus dropped their target price on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. DA Davidson decreased their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note 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 research note on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Finally, B. Riley lifted their price target on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st.

FormFactor Stock Down 4.4%

FORM traded down $1.38 during midday trading on Wednesday, hitting $29.76. 648,273 shares of the company's stock traded hands, compared to its average volume of 772,888. FormFactor has a one year low of $22.58 and a one year high of $63.63. The company has a market cap of $2.29 billion, a PE ratio of 33.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The stock's fifty day simple moving average is $28.74 and its 200-day simple moving average is $35.63.

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

Insider Activity

In related news, 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 now directly owns 40,957 shares of the company's stock, valued at $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the transaction, the chief executive officer now directly owns 514,650 shares of the company's stock, valued at $14,533,716. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,000 shares of company stock worth $333,560. Corporate insiders own 0.90% of the company's stock.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently added to or reduced their stakes in FORM. Public Employees Retirement System of Ohio bought a new stake in FormFactor during the 4th quarter worth about $27,000. AlphaQuest LLC increased its stake in shares of FormFactor by 96,900.0% in the 1st 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 last quarter. Versant Capital Management Inc increased its stake in shares of FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 861 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of FormFactor in the 1st quarter valued at about $42,000. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of FormFactor in the 4th quarter valued at about $43,000. 98.76% of the stock is owned by institutional investors.

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.