Analysts Set FormFactor, Inc. (NASDAQ:FORM) Price Target at $48.50

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $48.50.

Several equities research analysts recently commented on FORM shares. Stifel Nicolaus cut their price target 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. Evercore ISI reduced their price target on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Finally, Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $51.00 in a research report on Monday, January 6th.

FormFactor Trading Up 2.0 %

FORM stock opened at $26.75 on Tuesday. FormFactor has a 52-week low of $22.58 and a 52-week high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.07 billion, a P/E ratio of 30.06 and a beta of 1.15. The company’s 50-day simple moving average is $32.02 and its 200-day simple moving average is $39.18.

FormFactor (NASDAQ:FORM) last issued 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 return on equity of 5.93% and a net margin of 9.12%. As a group, equities analysts forecast that FormFactor will post 0.9 EPS for the current fiscal year.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the sale, the chief executive officer now directly owns 514,650 shares in the company, valued at approximately $14,533,716. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. raised its position in shares of FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock valued at $242,000 after buying an additional 288 shares during the period. Aviva PLC raised its position in FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 331 shares during the period. Summit Investment Advisors Inc. raised its position in FormFactor by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 400 shares during the period. Manchester Capital Management LLC lifted its stake in shares of 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 purchasing an additional 440 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of FormFactor by 10.1% during the 4th quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

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.