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

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $55.38.

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen decreased their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC dropped their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the sale, the chief executive officer now owns 526,531 shares in the company, valued at $21,371,893.29. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FormFactor

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its position in FormFactor by 1.4% in the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after acquiring an additional 39,784 shares during the period. Geode Capital Management LLC increased its holdings in shares of FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after purchasing an additional 73,982 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after purchasing an additional 612,838 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of FormFactor by 8.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock worth $48,928,000 after purchasing an additional 79,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in FormFactor by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after buying an additional 32,889 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Down 0.2 %

Shares of FormFactor stock opened at $42.48 on Wednesday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor has a 52-week low of $36.11 and a 52-week high of $63.63. The company has a market capitalization of $3.29 billion, a P/E ratio of 24.41 and a beta of 1.12. The company has a 50 day moving average of $42.84 and a 200 day moving average of $49.27.

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.