FormFactor, Inc. (NASDAQ:FORM) has received a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.17.

FORM has been the topic of several recent research reports. BidaskClub cut FormFactor from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a report on Friday, March 15th. DA Davidson increased their price target on FormFactor to $21.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Northland Securities lowered FormFactor from an “outperform” rating to a “market perform” rating and increased their price target for the company from $16.50 to $18.00 in a report on Thursday, May 2nd. Finally, Needham & Company LLC assumed coverage on FormFactor in a report on Monday, June 10th. They set a “buy” rating and a $19.00 price target on the stock.

In other FormFactor news, Director Raymond A. Link sold 4,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $15.58, for a total value of $62,320.00. Following the sale, the director now owns 49,602 shares in the company, valued at $772,799.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Raymond A. Link sold 5,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $15.39, for a total value of $76,950.00. Following the completion of the sale, the director now owns 56,602 shares in the company, valued at approximately $871,104.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,200 shares of company stock worth $158,074. Insiders own 1.88% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of FormFactor by 261,685.1% during the 1st quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock worth $16,427,000 after buying an additional 1,020,572 shares in the last quarter. Norges Bank bought a new position in shares of FormFactor during the 4th quarter worth $13,721,000. BlackRock Inc. grew its position in shares of FormFactor by 1.7% during the 4th quarter. BlackRock Inc. now owns 10,999,192 shares of the semiconductor company’s stock worth $154,977,000 after buying an additional 182,059 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of FormFactor by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,416,256 shares of the semiconductor company’s stock worth $76,315,000 after buying an additional 128,782 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of FormFactor by 268.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 149,972 shares of the semiconductor company’s stock worth $2,113,000 after buying an additional 109,266 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

FORM stock opened at $15.07 on Friday. The company has a market cap of $1.18 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 2.06 and a beta of 1.74. FormFactor has a 1-year low of $11.38 and a 1-year high of $19.27. The business has a 50 day simple moving average of $14.96. The company has a quick ratio of 2.54, a current ratio of 3.36 and a debt-to-equity ratio of 0.09.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $132.21 million for the quarter, compared to analysts’ expectations of $130.37 million. FormFactor had a return on equity of 11.06% and a net margin of 19.76%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. On average, equities analysts predict that FormFactor will post 0.64 EPS for the current fiscal year.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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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Analyst Recommendations for FormFactor (NASDAQ:FORM)

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