FormFactor (NASDAQ:FORM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of FormFactor (NASDAQ:FORM) from a hold rating to a buy rating in a report issued on Monday morning.

FORM has been the subject of a number of other research reports. Craig Hallum raised their price target on shares of FormFactor from $50.00 to $60.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. B. Riley raised their price target on shares of FormFactor from $65.00 to $74.00 and gave the stock a buy rating in a research report on Thursday, June 20th. TD Cowen lifted their price objective on shares of FormFactor from $48.00 to $60.00 and gave the stock a hold rating in a report on Thursday, August 1st. DA Davidson lifted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a buy rating in a report on Thursday, August 1st. Finally, Evercore ISI started coverage on shares of FormFactor in a report on Tuesday, April 16th. They issued an in-line rating and a $50.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $59.63.

FormFactor Stock Up 3.3 %

FORM stock opened at $44.54 on Monday. FormFactor has a twelve month low of $29.50 and a twelve month high of $63.63. The company has a current ratio of 4.46, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.44 billion, a P/E ratio of 33.74 and a beta of 1.12. The firm has a 50 day simple moving average of $55.97 and a 200-day simple moving average of $49.44.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, the director now directly owns 12,970 shares in the company, valued at $543,961.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the sale, the director now directly owns 12,970 shares in the company, valued at $543,961.80. The sale was disclosed in a document filed 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 Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the sale, the chief executive officer now owns 523,187 shares in the company, valued at $26,645,913.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,893 shares of company stock worth $1,189,516. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On FormFactor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new position in FormFactor in the 1st quarter worth about $28,000. Innealta Capital LLC purchased a new position in FormFactor during the 2nd quarter valued at about $38,000. GAMMA Investing LLC purchased a new position in FormFactor during the 4th quarter valued at about $55,000. Quadrant Capital Group LLC grew its stake in shares of FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 260 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of FormFactor in the 1st quarter valued at approximately $70,000. 98.76% of the stock is currently owned by institutional investors.

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.