FormFactor (NASDAQ:FORM) Upgraded by Freedom Capital to Hold Rating

Freedom Capital upgraded shares of FormFactor (NASDAQ:FORM) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on FORM. Weiss Ratings reissued a “hold (c)” rating on shares of FormFactor in a research note on Thursday, January 22nd. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Itau BBA Securities raised shares of FormFactor to an “outperform” rating in a research report on Tuesday. DA Davidson set a $55.00 price target on FormFactor in a research report on Thursday, October 30th. Finally, Loop Capital set a $64.00 price objective on shares of FormFactor in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and an average target price of $64.11.

FormFactor Trading Up 1.0%

Shares of FormFactor stock traded up $0.75 during trading on Tuesday, reaching $73.30. 94,315 shares of the stock were exchanged, compared to its average volume of 1,471,623. The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 139.71 and a beta of 1.12. FormFactor has a 1 year low of $22.58 and a 1 year high of $85.49. The stock’s fifty day moving average is $62.02 and its 200 day moving average is $45.91.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 13,088 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $76.81, for a total value of $1,005,289.28. Following the completion of the transaction, the chief executive officer owned 472,907 shares of the company’s stock, valued at approximately $36,323,986.67. The trade was a 2.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis Thomas St sold 2,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $49.85, for a total transaction of $99,700.00. Following the transaction, the director owned 38,957 shares in the company, valued at $1,942,006.45. This represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 73,466 shares of company stock valued at $4,683,377. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FORM. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in FormFactor by 15.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 9,511 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 1,305 shares during the period. Evergreen Capital Management LLC purchased a new stake in FormFactor during the 4th quarter valued at $376,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of FormFactor by 8.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,210 shares of the semiconductor company’s stock valued at $904,000 after buying an additional 1,198 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of FormFactor by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 42,187 shares of the semiconductor company’s stock worth $2,353,000 after buying an additional 586 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of FormFactor in the 4th quarter worth $323,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.