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

FormFactor, Inc. (NASDAQ:FORM) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.63.

FORM has been the topic of a number of recent research reports. TD Cowen increased their price target on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of FormFactor in a research note on Thursday, August 1st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, DA Davidson lifted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

FormFactor Stock Down 0.0 %

FORM opened at $48.77 on Monday. FormFactor has a twelve month low of $31.19 and a twelve month high of $63.63. The company’s 50-day moving average price is $53.50 and its two-hundred day moving average price is $50.30. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 36.95 and a beta of 1.12. The company has a quick ratio of 3.67, a current ratio of 4.46 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The company had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million. As a group, equities analysts expect that FormFactor will post 0.72 earnings per share for the current year.

Insider Buying and Selling

In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction dated 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 owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.93, for a total value of $203,720.00. Following the transaction, the chief executive officer now directly owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,770 shares of company stock valued at $723,654. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently made changes to their positions in FORM. Riverview Trust Co bought a new stake in shares of FormFactor during the 1st quarter worth $28,000. Innealta Capital LLC purchased a new stake in FormFactor during the second quarter valued at about $38,000. Redwood Wealth Management Group LLC bought a new stake in FormFactor during the second quarter worth about $43,000. GAMMA Investing LLC purchased a new position in shares of FormFactor in the 4th quarter worth about $55,000. Finally, Quadrant Capital Group LLC boosted its holdings 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 worth $66,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

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.