FormFactor, Inc. (NASDAQ:FORM) Receives $48.50 Consensus Target Price from Brokerages

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has been given a consensus rating of "Hold" by the eight brokerages that are 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 brokers that have issued a report on the stock in the last year is $48.50.

A number of equities analysts have issued reports on FORM shares. Evercore ISI lowered their target price on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and cut their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares of the company's stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On FormFactor

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of FormFactor during the 4th quarter valued at $27,000. Versant Capital Management Inc raised its holdings in shares of FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 861 shares during the period. Quarry LP boosted its position in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 523 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new stake in shares of FormFactor in the 4th quarter valued at about $43,000. Finally, Manchester Capital Management LLC increased its position in FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after buying an additional 440 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

Shares of FORM traded up $0.52 during mid-day trading on Tuesday, reaching $26.75. The company had a trading volume of 800,507 shares, compared to its average volume of 749,670. The company's 50 day simple moving average is $32.02 and its 200 day simple moving average is $39.18. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 30.06 and a beta of 1.15. FormFactor has a 1-year low of $22.58 and a 1-year high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61.

FormFactor (NASDAQ:FORM - Get Free Report) last posted 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 return on equity of 5.93% and a net margin of 9.12%. Analysts expect that FormFactor will post 0.9 EPS for the current year.

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.