FormFactor, Inc. (NASDAQ:FORM) Receives $55.38 Average Target Price from Brokerages

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $55.38.

A number of equities analysts have issued reports on FORM shares. Needham & Company LLC decreased their price target on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. TD Cowen decreased 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.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Institutional Trading of FormFactor

Several large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of FormFactor in the 2nd quarter valued at about $668,000. Arizona State Retirement System increased its stake in FormFactor by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company's stock valued at $1,315,000 after buying an additional 331 shares during the period. Wakefield Asset Management LLLP purchased a new stake in FormFactor in the 2nd quarter worth approximately $1,043,000. Los Angeles Capital Management LLC acquired a new stake in shares of FormFactor during the 2nd quarter valued at $1,811,000. Finally, Quest Partners LLC purchased a new position in shares of FormFactor during the 2nd quarter valued at $374,000. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Price Performance

Shares of NASDAQ FORM traded down $1.15 during mid-day trading on Friday, reaching $45.92. 699,283 shares of the company traded hands, compared to its average volume of 620,083. FormFactor has a fifty-two week low of $37.21 and a fifty-two week high of $63.63. The firm has a market cap of $3.56 billion, a PE ratio of 26.39 and a beta of 1.12. The stock has a fifty day simple moving average of $42.17 and a 200-day simple moving average of $47.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

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.