FormFactor, Inc. (NASDAQ:FORM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

FormFactor, Inc. (NASDAQ:FORM) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $59.63.

A number of research analysts recently commented on FORM shares. Craig Hallum upped their price objective on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of FormFactor in a report on Thursday, August 1st. StockNews.com upgraded FormFactor from a “hold” rating to a “buy” rating in a report on Monday. DA Davidson upped their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley upped their price objective on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 20th.

Insider Transactions at FormFactor

In other news, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the sale, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Rebeca Obregon-Jimenez sold 4,833 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $57.59, for a total value of $278,332.47. Following the transaction, the director now owns 10,598 shares of the company’s stock, valued at $610,338.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jorge Titinger sold 6,770 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,893 shares of company stock valued at $1,302,116. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FormFactor

Several large investors have recently bought and sold shares of FORM. Mirae Asset Global Investments Co. Ltd. increased its holdings in FormFactor by 6.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,640 shares of the semiconductor company’s stock valued at $1,487,000 after buying an additional 2,044 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in FormFactor in the fourth quarter valued at $5,967,000. Louisiana State Employees Retirement System purchased a new position in FormFactor in the fourth quarter valued at $1,623,000. Mackenzie Financial Corp acquired a new position in FormFactor in the fourth quarter valued at $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in FormFactor by 18.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,823 shares of the semiconductor company’s stock valued at $743,000 after acquiring an additional 2,725 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Trading Up 2.5 %

Shares of FormFactor stock opened at $43.11 on Thursday. FormFactor has a 1-year low of $29.50 and a 1-year high of $63.63. The stock has a market cap of $3.33 billion, a P/E ratio of 32.66 and a beta of 1.12. The stock’s 50 day simple moving average is $56.22 and its 200-day simple moving average is $49.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.67.

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.