FormFactor, Inc. (NASDAQ:FORM) Receives $48.50 Consensus PT from Analysts

FormFactor, Inc. (NASDAQ:FORM) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.50.

Several brokerages have issued reports on FORM. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and cut their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Evercore ISI cut their price target on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares in the company, valued at approximately $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in shares of FormFactor in the fourth quarter worth $27,000. Advisors Asset Management Inc. increased its position 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 worth $29,000 after purchasing an additional 309 shares during the period. Quarry LP increased its position in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares during the period. Pinpoint Asset Management Ltd bought a new position in FormFactor in the fourth quarter valued at about $43,000. Finally, Manchester Capital Management LLC grew its position in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of FORM opened at $32.00 on Friday. The stock has a market capitalization of $2.48 billion, a P/E ratio of 35.96 and a beta of 1.07. FormFactor has a twelve month low of $30.22 and a twelve month high of $63.63. The company has a 50 day moving average of $38.00 and a 200-day moving average of $41.51. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. As a group, equities research analysts forecast that FormFactor will post 0.9 EPS for the current fiscal year.

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.