Analysts Set FormFactor, Inc. (NASDAQ:FORM) Target Price at $21.38

Shares of FormFactor, Inc. (NASDAQ:FORM) have been given a consensus rating of “Buy” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $21.38.

A number of research firms recently commented on FORM. ValuEngine cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus set a $24.00 price target on shares of FormFactor and gave the stock a “buy” rating in a research report on Friday, October 25th. BidaskClub raised shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 5th. B. Riley raised their price target on shares of FormFactor from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Needham & Company LLC raised their price target on shares of FormFactor from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st.

FORM stock traded down $0.02 during trading on Thursday, hitting $22.36. The company had a trading volume of 793,900 shares, compared to its average volume of 345,618. The company has a 50 day simple moving average of $20.45 and a 200-day simple moving average of $17.39. The firm has a market capitalization of $1.69 billion, a P/E ratio of 29.04 and a beta of 1.72. The company has a quick ratio of 2.14, a current ratio of 2.75 and a debt-to-equity ratio of 0.05. FormFactor has a 52-week low of $12.72 and a 52-week high of $22.80.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $140.60 million during the quarter, compared to analysts’ expectations of $140.54 million. FormFactor had a net margin of 19.18% and a return on equity of 8.82%. FormFactor’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. Sell-side analysts forecast that FormFactor will post 0.68 earnings per share for the current year.

In other news, Director Edward Rogas, Jr. sold 38,000 shares of FormFactor stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $19.85, for a total transaction of $754,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 14,835 shares of FormFactor stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $18.03, for a total transaction of $267,475.05. Following the transaction, the chief executive officer now directly owns 366,434 shares of the company’s stock, valued at $6,606,805.02. The disclosure for this sale can be found here. Insiders have sold a total of 100,035 shares of company stock valued at $1,834,873 over the last three months. 1.88% of the stock is currently owned by insiders.

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Several large investors have recently bought and sold shares of the company. Texas Permanent School Fund increased its holdings in shares of FormFactor by 1.1% during the 3rd quarter. Texas Permanent School Fund now owns 51,174 shares of the semiconductor company’s stock valued at $954,000 after purchasing an additional 558 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of FormFactor by 2.5% during the 3rd quarter. Mason Street Advisors LLC now owns 25,529 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 634 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of FormFactor by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 115,691 shares of the semiconductor company’s stock valued at $1,813,000 after purchasing an additional 799 shares in the last quarter. Flinton Capital Management LLC increased its holdings in shares of FormFactor by 10.7% during the 2nd quarter. Flinton Capital Management LLC now owns 9,568 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 928 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of FormFactor by 6.2% during the 3rd quarter. Pacer Advisors Inc. now owns 16,258 shares of the semiconductor company’s stock valued at $303,000 after purchasing an additional 951 shares in the last quarter. 91.40% of the stock is owned by hedge funds and other institutional investors.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Analyst Recommendations for FormFactor (NASDAQ:FORM)

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