Brokerages Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $42.56

Shares of FormFactor, Inc. (NASDAQ:FORM) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.56.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Evercore ISI assumed coverage on shares of FormFactor in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. TD Cowen upped their price target on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Finally, StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research report on Friday, April 19th.

Insider Activity

In related news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the transaction, the chief executive officer now owns 495,781 shares in the company, valued at $22,776,179.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,000 shares of company stock worth $1,223,580. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently added to or reduced their stakes in FORM. Quadrant Capital Group LLC lifted its holdings in FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after buying an additional 260 shares during the period. Arizona State Retirement System raised its holdings 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 valued at $767,000 after acquiring an additional 298 shares in the last quarter. GAMMA Investing LLC lifted its stake in FormFactor by 30.4% in the first quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 434 shares during the period. HighTower Advisors LLC boosted its holdings in FormFactor by 3.1% in the third quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company’s stock valued at $684,000 after acquiring an additional 582 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in FormFactor during the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Up 5.1 %

FormFactor stock opened at $43.86 on Tuesday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 41.38 and a beta of 1.18. The firm has a 50 day simple moving average of $43.57 and a 200 day simple moving average of $40.04. FormFactor has a 1-year low of $24.88 and a 1-year high of $47.94. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $165.49 million. On average, analysts predict that FormFactor will post 0.63 earnings per share for the current year.

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.