FormFactor, Inc. (NASDAQ:FORM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $56.00.

Several equities analysts recently commented on the company. TD Cowen dropped their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On FormFactor

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted 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 buying an additional 309 shares during the period. Quarry LP grew its stake in FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 523 shares in the last quarter. CWM LLC grew its stake in FormFactor by 57.3% during the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 1,044 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in FormFactor during the 2nd quarter valued at approximately $204,000. Finally, GAMMA Investing LLC grew its stake in FormFactor by 49.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 1,123 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

FormFactor stock opened at $38.97 on Thursday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 22.40 and a beta of 1.08. The stock has a fifty day moving average price of $43.04 and a 200 day moving average price of $44.99. FormFactor has a 52 week low of $37.25 and a 52 week high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

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.