FormFactor (NASDAQ:FORM) PT Raised to $37.00

FormFactor (NASDAQ:FORMGet Free Report) had its price objective lifted by equities researchers at TD Cowen from $33.00 to $37.00 in a research note issued to investors on Thursday, Briefing.com reports. The firm presently has a “market perform” rating on the semiconductor company’s stock. TD Cowen’s price objective would indicate a potential downside of 2.94% from the company’s current price.

FormFactor Stock Performance

NASDAQ:FORM opened at $38.12 on Thursday. The stock’s 50-day simple moving average is $39.82 and its 200 day simple moving average is $36.22. The firm has a market capitalization of $2.97 billion, a PE ratio of -423.51 and a beta of 1.17. The company has a quick ratio of 3.05, a current ratio of 3.91 and a debt-to-equity ratio of 0.02. FormFactor has a twelve month low of $24.88 and a twelve month high of $45.15.

Insider Activity at FormFactor

In other FormFactor news, CFO Shai Shahar sold 16,618 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $39.49, for a total value of $656,244.82. Following the completion of the transaction, the chief financial officer now directly owns 77,941 shares in the company, valued at $3,077,890.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other FormFactor news, CFO Shai Shahar sold 16,618 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $39.49, for a total value of $656,244.82. Following the completion of the transaction, the chief financial officer now directly owns 77,941 shares in the company, valued at $3,077,890.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rebeca Obregon-Jimenez sold 8,490 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $37.51, for a total value of $318,459.90. Following the completion of the transaction, the director now owns 11,603 shares of the company’s stock, valued at $435,228.53. The disclosure for this sale can be found here. Insiders have sold 28,900 shares of company stock valued at $1,119,711 over the last ninety days. 1.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Several large investors have recently bought and sold shares of FORM. Captrust Financial Advisors raised its position in shares of FormFactor by 10.0% during the first quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 281 shares during the last quarter. Arizona State Retirement System raised its position in shares of FormFactor by 1.4% during the third quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company’s stock worth $767,000 after acquiring an additional 298 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of FormFactor by 1.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 29,163 shares of the semiconductor company’s stock worth $998,000 after acquiring an additional 427 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of FormFactor by 1.1% during the second quarter. MetLife Investment Management LLC now owns 41,101 shares of the semiconductor company’s stock worth $1,406,000 after acquiring an additional 435 shares during the last quarter. Finally, Journey Strategic Wealth LLC raised its position in shares of FormFactor by 8.7% during the first quarter. Journey Strategic Wealth LLC now owns 5,564 shares of the semiconductor company’s stock worth $234,000 after acquiring an additional 447 shares during the last quarter. 93.64% of the stock is currently owned by institutional investors.

About FormFactor

(Get Free Report)

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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

Further Reading

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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