FormFactor, Inc. (NASDAQ:FORM) Given Average Rating of “Moderate Buy” by Brokerages

FormFactor, Inc. (NASDAQ:FORM) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $55.38.

A number of brokerages recently commented on FORM. Needham & Company LLC reduced their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. TD Cowen lowered their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th.

FormFactor Stock Down 0.2 %

FORM stock opened at $42.48 on Wednesday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 24.41 and a beta of 1.12. The firm has a 50-day moving average of $42.84 and a two-hundred day moving average of $49.27. FormFactor has a 12 month low of $36.11 and a 12 month high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the transaction, the chief executive officer now directly owns 526,531 shares in the company, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Innealta Capital LLC purchased a new position in FormFactor in the 2nd quarter valued at approximately $38,000. Redwood Wealth Management Group LLC acquired a new position in shares of FormFactor in the second quarter worth $43,000. Quarry LP increased its position in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares during the period. Finally, CWM LLC raised its stake in shares of FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 370 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other 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.