FormFactor, Inc. (NASDAQ:FORM) Receives $40.67 Consensus Target Price from Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORMGet Free Report) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $40.67.

Several brokerages recently issued reports on FORM. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. TD Cowen increased their price objective on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $46.00 price objective on shares of FormFactor in a research note on Thursday, February 8th.

View Our Latest Stock Report on FORM

FormFactor Trading Up 1.7 %

FORM opened at $45.63 on Friday. FormFactor has a one year low of $24.88 and a one year high of $46.83. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 43.05 and a beta of 1.18. The stock’s 50 day moving average price is $42.32 and its 200-day moving average price is $38.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38.

FormFactor (NASDAQ:FORMGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The company had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. On average, equities analysts forecast that FormFactor will post 0.63 EPS for the current year.

Insider Activity

In related news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $44.51, for a total value of $445,100.00. Following the sale, the chief financial officer now directly owns 27,591 shares in the company, valued at approximately $1,228,075.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $43.38, for a total value of $173,520.00. Following the sale, the chief executive officer now directly owns 499,781 shares in the company, valued at approximately $21,680,499.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $44.51, for a total transaction of $445,100.00. Following the completion of the transaction, the chief financial officer now directly owns 27,591 shares in the company, valued at $1,228,075.41. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock worth $1,039,820 in the last ninety days. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FORM. Belpointe Asset Management LLC raised its position in FormFactor by 170.1% in the first quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 684 shares during the period. GAMMA Investing LLC acquired a new position in shares of FormFactor in the fourth quarter worth $55,000. Quadrant Capital Group LLC grew its stake in shares of FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of FormFactor in the third quarter worth $70,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of FormFactor by 247.3% in the first quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 1,771 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other 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 in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.

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