FormFactor, Inc. (NASDAQ:FORM) Receives Average Recommendation of "Moderate Buy" from Analysts

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $55.38.

A number of equities analysts recently commented on the company. StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Needham & Company LLC cut their price target on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on shares of FormFactor from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Tuesday, July 16th. DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, TD Cowen cut their target price on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a report on Thursday, October 31st.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now directly owns 530,276 shares in the company, valued at $24,010,897.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of FormFactor by 91.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock worth $77,636,000 after purchasing an additional 612,838 shares in the last quarter. New York State Common Retirement Fund boosted its stake in FormFactor by 876.0% during the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company's stock worth $14,876,000 after buying an additional 290,254 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in FormFactor during the second quarter worth $15,893,000. Renaissance Technologies LLC bought a new stake in FormFactor in the 2nd quarter valued at $13,938,000. Finally, Vanguard Group Inc. raised its stake in shares of FormFactor by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company's stock valued at $439,074,000 after buying an additional 154,361 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Down 0.7 %

FORM stock traded down $0.30 during mid-day trading on Friday, hitting $42.10. The stock had a trading volume of 883,241 shares, compared to its average volume of 714,372. FormFactor has a 1-year low of $34.07 and a 1-year high of $63.63. The company has a fifty day moving average of $43.99 and a 200 day moving average of $50.52. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.20 and a beta of 1.12.

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.