Analysts Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $40.67

FormFactor, Inc. (NASDAQ:FORM) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $41.63.

FORM has been the subject of a number of analyst reports. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. TD Cowen lifted their target price on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $46.00 target price on shares of FormFactor in a research report on Thursday, February 8th.

Insider Activity at FormFactor

In related news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at $2,827,978.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares in the company, valued at $2,827,978.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the completion of the transaction, the chief executive officer now owns 495,781 shares in the company, valued at approximately $22,776,179.14. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock worth $1,223,580 over the last three months. 1.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of FormFactor by 2.4% during the second quarter. BlackRock Inc. now owns 12,733,906 shares of the semiconductor company’s stock worth $435,754,000 after acquiring an additional 303,681 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of FormFactor by 2.4% during the third quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after acquiring an additional 224,599 shares during the last quarter. Earnest Partners LLC grew its stake in shares of FormFactor by 1.2% during the third quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock worth $225,386,000 after acquiring an additional 78,466 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of FormFactor by 24.2% during the second quarter. Alliancebernstein L.P. now owns 3,485,470 shares of the semiconductor company’s stock worth $119,273,000 after acquiring an additional 678,330 shares during the last quarter. Finally, State Street Corp grew its stake in shares of FormFactor by 0.4% during the first quarter. State Street Corp now owns 2,850,891 shares of the semiconductor company’s stock worth $90,801,000 after acquiring an additional 11,027 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $45.38 on Friday. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01. FormFactor has a twelve month low of $24.88 and a twelve month high of $46.83. The firm’s 50 day moving average price is $42.43 and its 200-day moving average price is $38.89. The stock has a market capitalization of $3.52 billion, a PE ratio of 42.81 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The firm had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. Equities research analysts expect that FormFactor will post 0.63 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.