Analysts Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $55.38

Shares of FormFactor, Inc. (NASDAQ:FORM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $55.38.

A number of analysts recently weighed in 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 report on Thursday, October 31st. Needham & Company LLC lowered their price target on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com cut FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the transaction, the chief executive officer now owns 526,531 shares in the company, valued at $21,371,893.29. The trade was a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On FormFactor

A number of institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of FormFactor by 5.1% during the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company's stock valued at $18,940,000 after purchasing an additional 18,810 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in FormFactor by 7.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company's stock valued at $2,200,000 after buying an additional 3,426 shares during the last quarter. Geode Capital Management LLC increased its holdings in FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock valued at $95,105,000 after buying an additional 73,982 shares during the last quarter. Barclays PLC raised its position in FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock worth $6,692,000 after acquiring an additional 113,296 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of FormFactor during the 3rd quarter worth $550,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

FormFactor Stock Performance

Shares of NASDAQ:FORM traded down $0.08 during trading on Wednesday, hitting $42.48. 553,212 shares of the company were exchanged, compared to its average volume of 591,464. FormFactor has a 52-week low of $36.11 and a 52-week high of $63.63. The stock has a 50 day moving average of $42.80 and a 200 day moving average of $49.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market cap of $3.29 billion, a PE ratio of 24.41 and a beta of 1.12.

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.