FormFactor, Inc. (NASDAQ:FORM) has been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.40.

FORM has been the topic of several recent analyst reports. BidaskClub lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. B. Riley restated a “buy” rating and set a $20.00 target price (down from $22.00) on shares of FormFactor in a research report on Monday, January 29th. TheStreet lowered shares of FormFactor from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th. Citigroup lowered their target price on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Finally, Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd.

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Shares of FormFactor (FORM) traded down $0.55 on Friday, reaching $14.55. 842,739 shares of the company’s stock traded hands, compared to its average volume of 1,163,506. 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 one year low of $10.45 and a one year high of $18.65. The firm has a market capitalization of $1,079.67, a price-to-earnings ratio of 26.45, a P/E/G ratio of 0.85 and a beta of 1.33.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). FormFactor had a return on equity of 16.81% and a net margin of 7.46%. The company had revenue of $131.90 million for the quarter, compared to analyst estimates of $129.98 million. sell-side analysts predict that FormFactor will post 1.08 EPS for the current fiscal year.

In other news, CFO Michael M. Ludwig sold 45,000 shares of the stock in a transaction that occurred 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 in the company, valued at $3,169,675.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael M. Ludwig sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $12.73, for a total transaction of $381,900.00. Following the completion of the sale, the chief financial officer now owns 270,387 shares in the company, valued at $3,442,026.51. The disclosure for this sale can be found here. Insiders sold 98,431 shares of company stock worth $1,286,460 over the last quarter. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of FormFactor by 1.2% in the fourth quarter. BlackRock Inc. now owns 4,682,016 shares of the semiconductor company’s stock valued at $73,273,000 after purchasing an additional 54,625 shares during the last quarter. Peregrine Capital Management LLC grew its position in shares of FormFactor by 32.8% in the fourth quarter. Peregrine Capital Management LLC now owns 2,504,269 shares of the semiconductor company’s stock valued at $39,192,000 after purchasing an additional 618,775 shares during the last quarter. Hood River Capital Management LLC grew its position in shares of FormFactor by 23.9% in the fourth quarter. Hood River Capital Management LLC now owns 1,556,232 shares of the semiconductor company’s stock valued at $24,355,000 after purchasing an additional 299,880 shares during the last quarter. State Street Corp grew its position in shares of FormFactor by 5.3% in the second quarter. State Street Corp now owns 1,327,001 shares of the semiconductor company’s stock valued at $16,454,000 after purchasing an additional 66,847 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of FormFactor by 37.5% in the fourth quarter. Geode Capital Management LLC now owns 877,543 shares of the semiconductor company’s stock valued at $13,733,000 after purchasing an additional 239,307 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

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About FormFactor

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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