Analysts Set FormFactor, Inc. (NASDAQ:FORM) PT at $42.71

FormFactor, Inc. (NASDAQ:FORM) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.71.

A number of equities analysts recently commented on the stock. Evercore ISI lowered their price target on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research report on Thursday, May 1st. DA Davidson dropped their price target on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reduced their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research report on Thursday, May 1st. Finally, B. Riley increased their target price on shares of FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief executive officer now owns 510,650 shares of the company’s stock, valued at approximately $16,197,818. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of FormFactor

A number of institutional investors and hedge funds have recently bought and sold shares of FORM. Vanguard Group Inc. increased its stake in shares of FormFactor by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after buying an additional 484,176 shares during the period. Earnest Partners LLC raised its holdings in FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock worth $265,632,000 after purchasing an additional 594,426 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of FormFactor by 127.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock worth $137,050,000 after purchasing an additional 1,742,493 shares during the period. Bank of America Corp DE boosted its stake in shares of FormFactor by 29.9% in the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock valued at $111,861,000 after purchasing an additional 585,117 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of FormFactor by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company’s stock worth $92,577,000 after buying an additional 36,438 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Up 1.0 %

Shares of FORM stock opened at $29.67 on Friday. FormFactor has a 52-week low of $22.58 and a 52-week high of $63.63. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 33.34 and a beta of 1.14. The firm’s 50-day moving average is $28.93 and its 200-day moving average is $36.96. 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) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. FormFactor’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. Sell-side analysts predict 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.