FormFactor (NASDAQ:FORM) Given New $42.00 Price Target at Stifel Nicolaus

FormFactor (NASDAQ:FORM - Free Report) had its price objective reduced by Stifel Nicolaus from $48.00 to $42.00 in a report released on Thursday morning,Benzinga reports. They currently have a hold rating on the semiconductor company's stock.

A number of other research analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday. Evercore ISI cut their price target on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research note on Thursday. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $64.00 to $34.00 in a research report on Thursday. TD Cowen cut their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Finally, Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their target price for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $48.50.

FormFactor Stock Performance

Shares of FormFactor stock traded down $0.11 during trading on Thursday, hitting $35.73. 596,996 shares of the company's stock were exchanged, compared to its average volume of 943,688. The business has a 50-day simple moving average of $42.89 and a 200-day simple moving average of $43.94. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 40.15 and a beta of 1.07. FormFactor has a 52-week low of $32.71 and a 52-week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.61.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) 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, research analysts forecast that FormFactor will post 1.23 EPS for the current year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now directly owns 522,531 shares of the company's stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 12,000 shares of company stock worth $496,040. Insiders own 0.96% of the company's stock.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently bought and sold shares of FORM. Advisors Asset Management Inc. lifted its stake in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. 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 during the period. Manchester Capital Management LLC grew its stake in shares of FormFactor by 63.8% in the fourth 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. IFP Advisors Inc increased its stake in FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after purchasing an additional 1,181 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.