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

FormFactor, Inc. (NASDAQ:FORM) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $48.50.

FORM has been the subject of a number of analyst reports. B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Evercore ISI lowered their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, Stifel Nicolaus reduced 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.

FormFactor Stock Performance

Shares of FORM stock opened at $32.82 on Friday. The stock’s 50-day moving average price is $37.44 and its 200 day moving average price is $41.28. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.55 billion, a PE ratio of 36.88 and a beta of 1.07. FormFactor has a 52-week low of $30.22 and a 52-week high of $63.63.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 year.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is currently owned by company insiders.

Institutional Trading of FormFactor

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its position in shares of FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock worth $137,050,000 after purchasing an additional 1,742,493 shares during the last quarter. Earnest Partners LLC increased its position in FormFactor by 10.9% during the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock worth $265,632,000 after buying an additional 594,426 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of FormFactor by 29.9% in the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock worth $111,861,000 after acquiring an additional 585,117 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of FormFactor by 138.2% in the fourth quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company’s stock valued at $43,205,000 after acquiring an additional 569,677 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after acquiring an additional 484,176 shares during the last quarter. Hedge funds and other 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.