FormFactor (NASDAQ:FORM) has earned a consensus rating of “Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.83.
A number of equities analysts have recently weighed in on FORM shares. Needham & Company LLC lowered their target price on FormFactor from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 18th. Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. BidaskClub lowered FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. B. Riley reissued a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of FormFactor in a research report on Monday, January 29th. Finally, TheStreet lowered FormFactor from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th.
Shares of NASDAQ:FORM traded up $0.35 during trading on Wednesday, reaching $14.55. 566,614 shares of the stock were exchanged, compared to its average volume of 1,059,914. The company has a quick ratio of 2.58, a current ratio of 3.32 and a debt-to-equity ratio of 0.19. FormFactor has a 1-year low of $10.45 and a 1-year high of $18.65. The firm has a market capitalization of $1,049.34, a price-to-earnings ratio of 14.55, a PEG ratio of 0.87 and a beta of 1.34.
In other news, Director Dennis Thomas St sold 20,867 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $13.58, for a total transaction of $283,373.86. Following the completion of the sale, the director now directly owns 61,533 shares of the company’s stock, valued at approximately $835,618.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael M. Ludwig sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $13.05, for a total value of $587,250.00. Following the sale, the chief financial officer now directly owns 242,887 shares of the company’s stock, valued at $3,169,675.35. The disclosure for this sale can be found here. Insiders sold a total of 98,431 shares of company stock valued at $1,286,460 over the last three months. 1.30% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of FormFactor during the 4th quarter valued at $496,000. Macquarie Group Ltd. increased its position in shares of FormFactor by 3.8% during the 4th quarter. Macquarie Group Ltd. now owns 190,393 shares of the semiconductor company’s stock valued at $2,980,000 after purchasing an additional 6,919 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of FormFactor by 253.1% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 212,200 shares of the semiconductor company’s stock valued at $3,320,000 after purchasing an additional 152,100 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of FormFactor by 99.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 526,343 shares of the semiconductor company’s stock worth $8,237,000 after acquiring an additional 262,210 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of FormFactor by 6.2% during the 4th quarter. Teachers Advisors LLC now owns 846,228 shares of the semiconductor company’s stock worth $13,243,000 after acquiring an additional 49,588 shares during the period. 86.12% of the stock is owned by hedge funds and other institutional investors.
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FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test 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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