FormFactor, Inc. (NASDAQ:FORM) Stock Has Average Price Target of $139.73

Shares of FormFactor, Inc. (NASDAQ:FORM) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $139.73.

FORM has been the topic of several research reports. TD Cowen raised their target price on FormFactor from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, October 29th. Zacks Research cut FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research report on Tuesday, September 22nd. Stifel Nicolaus set a $115.00 price objective on FormFactor in a research note on Tuesday, October 13th. Finally, Evercore set a $150.00 price objective on FormFactor in a report on Thursday, July 30th.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 11,098 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the completion of the sale, the chief executive officer directly owned 455,596 shares in the company, valued at $57,040,619.20. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the sale, the director owned 24,426 shares of the company’s stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,710 shares of company stock valued at $5,520,564 in the last ninety days. Insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of FormFactor during the 2nd quarter worth approximately $285,257,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FormFactor in the second quarter valued at approximately $2,047,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FormFactor in the second quarter valued at approximately $3,940,000. Reinhart Partners LLC. increased its holdings in shares of FormFactor by 3.1% in the third quarter. Reinhart Partners LLC. now owns 659,667 shares of the semiconductor company’s stock valued at $98,495,000 after purchasing an additional 19,745 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of FormFactor in the second quarter valued at approximately $4,108,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Trading Up 10.9%

Shares of FormFactor stock opened at $96.79 on Wednesday. The company has a current ratio of 3.68, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. FormFactor has a twelve month low of $47.33 and a twelve month high of $160.27. The firm has a market capitalization of $7.55 billion, a PE ratio of 44.20 and a beta of 1.27. The firm’s 50-day moving average price is $115.48 and its 200 day moving average price is $113.63.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The company had revenue of $280.55 million during the quarter, compared to analyst estimates of $270.52 million. During the same period in the previous year, the business earned $0.33 EPS. FormFactor’s quarterly revenue was up 38.4% on a year-over-year basis. On average, sell-side analysts predict that FormFactor will post 2.96 EPS for the current fiscal year.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.