FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Recommendation of "Hold" from Analysts

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has received a consensus rating of "Hold" from the eight brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $48.50.

Several research firms have recently commented on FORM. Evercore ISI decreased their price target on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $44.00 to $51.00 in a research report on Monday, January 6th. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Finally, TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st.

FormFactor Price Performance

FORM stock traded down $0.19 during midday trading on Monday, reaching $37.39. 502,093 shares of the company's stock traded hands, compared to its average volume of 925,918. The company has a 50-day simple moving average of $42.01 and a two-hundred day simple moving average of $43.26. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor has a 1-year low of $32.71 and a 1-year high of $63.63. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 42.01 and a beta of 1.07.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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%. On average, analysts anticipate that FormFactor will post 0.9 earnings per share for the current year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 12,000 shares of company stock valued at $496,040. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FORM. Public Employees Retirement System of Ohio bought a new stake in FormFactor during the 4th quarter worth about $27,000. Advisors Asset Management Inc. raised its holdings in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 309 shares in the last quarter. Quarry LP boosted its position in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 523 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in FormFactor in the fourth quarter valued at approximately $43,000. Finally, Manchester Capital Management LLC increased its position in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds 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.