FormFactor, Inc. (NASDAQ:FORM) Receives $41.14 Average Price Target from Brokerages

FormFactor, Inc. (NASDAQ:FORM) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $41.1429.

Several research analysts have weighed in on the stock. DA Davidson lowered their price target on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. B. Riley increased their price target on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Evercore ISI lowered their price target on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus lowered their price target on shares of FormFactor from $34.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, July 31st. Finally, Wall Street Zen cut shares of FormFactor from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd.

FormFactor Trading Down 5.1%

FormFactor stock opened at $28.70 on Monday. The firm has a 50-day moving average of $33.39 and a 200-day moving average of $32.12. FormFactor has a one year low of $22.58 and a one year high of $51.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 51.25 and a beta of 1.16.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The firm had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts expect that FormFactor will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the sale, the director directly owned 13,126 shares of the company’s stock, valued at $387,873.30. The trade was a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis Thomas St sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total transaction of $93,720.00. Following the sale, the director directly owned 40,957 shares of the company’s stock, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On FormFactor

A number of institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in FormFactor by 282.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 547 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in FormFactor in the fourth quarter valued at about $27,000. AlphaQuest LLC boosted its stake in FormFactor by 96,900.0% in the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 969 shares during the last quarter. Versant Capital Management Inc boosted its stake in FormFactor by 256.3% in the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 861 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in FormFactor in the first quarter valued at about $42,000. 98.76% of the stock is owned by institutional investors.

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.