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

Shares of FormFactor, Inc. (NASDAQ:FORM) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $59.8750.

A number of equities analysts recently weighed in on FORM shares. Northland Securities set a $44.00 price target on FormFactor in a report on Thursday, October 30th. Zacks Research upgraded FormFactor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Evercore ISI boosted their price target on shares of FormFactor from $31.00 to $50.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their target price on shares of FormFactor from $42.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday.

FormFactor Trading Down 0.8%

FORM stock opened at $71.99 on Thursday. FormFactor has a 52-week low of $22.58 and a 52-week high of $76.19. The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.58 billion, a P/E ratio of 138.44 and a beta of 1.12. The company’s 50-day simple moving average is $56.89 and its 200-day simple moving average is $43.02.

Insider Buying and Selling

In other FormFactor news, Director Kelley Steven-Waiss sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total transaction of $151,119.00. Following the completion of the sale, the director directly owned 32,779 shares in the company, valued at approximately $1,834,640.63. The trade was a 7.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 39,606 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $65.00, for a total value of $2,574,390.00. Following the transaction, the chief executive officer directly owned 485,995 shares of the company’s stock, valued at $31,589,675. The trade was a 7.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 60,378 shares of company stock worth $3,678,088. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of FormFactor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock worth $1,303,000 after buying an additional 2,001 shares in the last quarter. Jones Financial Companies Lllp boosted its position in FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 4,743 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after acquiring an additional 53,310 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after acquiring an additional 9,394 shares in the last quarter. Finally, Bayforest Capital Ltd raised its holdings in FormFactor by 398.1% in the 1st quarter. Bayforest Capital Ltd now owns 10,629 shares of the semiconductor company’s stock valued at $301,000 after acquiring an additional 8,495 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.