FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Recommendation of “Hold” from Brokerages

FormFactor, Inc. (NASDAQ:FORM) has earned an average recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $57.00.

FORM has been the topic of a number of recent research reports. Cantor Fitzgerald assumed coverage on FormFactor in a report on Tuesday, November 18th. They issued an “overweight” rating and a $75.00 target price on the stock. Cowen restated a “hold” rating on shares of FormFactor in a research note on Thursday, October 30th. DA Davidson set a $55.00 price objective on shares of FormFactor in a report on Thursday, October 30th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $62.00 in a report on Thursday, October 30th. Finally, Stifel Nicolaus set a $42.00 price target on shares of FormFactor in a report on Thursday, October 30th.

Insider Activity at FormFactor

In related news, Director Kelley Steven-Waiss sold 2,700 shares of FormFactor stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total transaction of $151,119.00. Following the sale, the director directly owned 32,779 shares in the company, valued at approximately $1,834,640.63. This trade represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis Thomas St sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $49.85, for a total value of $99,700.00. Following the completion of the transaction, the director directly owned 38,957 shares in the company, valued at approximately $1,942,006.45. This represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 60,378 shares of company stock valued at $3,678,088. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently added to or reduced their stakes in FORM. GAMMA Investing LLC raised its position in FormFactor by 12.6% in the fourth quarter. GAMMA Investing LLC now owns 5,184 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 579 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of FormFactor during the 3rd quarter valued at approximately $303,000. CANADA LIFE ASSURANCE Co increased its stake in shares of FormFactor by 8.8% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 94,535 shares of the semiconductor company’s stock worth $3,423,000 after purchasing an additional 7,650 shares during the last quarter. Voleon Capital Management LP bought a new stake in shares of FormFactor in the 3rd quarter worth approximately $935,000. Finally, Voloridge Investment Management LLC raised its holdings in shares of FormFactor by 13.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 388,449 shares of the semiconductor company’s stock worth $14,147,000 after purchasing an additional 46,911 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $62.72 on Thursday. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 120.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 4.30. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $66.47. The firm’s 50-day simple moving average is $55.42 and its 200 day simple moving average is $41.77.

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.