FormFactor, Inc. has garnered a “Moderate Buy” recommendation from twelve ratings firms following its recent performance on the stock exchange. The consensus includes six hold ratings, five buy recommendations, and one strong buy, as reported by MarketBeat.com. The average one-year target price set by brokerage firms that have updated their analysis on FormFactor sits at approximately $64.11.
Recent analyst reports provide further insight into the company’s stock trajectory. Stifel Nicolaus notably raised their target price for FormFactor from $42.00 to $65.00 while maintaining a hold rating. Similarly, Itau BBA Securities upgraded their assessment to an “outperform” rating. Evercore ISI also boosted its price target from $31.00 to $50.00, advising investors to hold steady with their shares. Weiss Ratings reaffirmed a hold rating, and TD Cowen echoed this sentiment in their evaluations.
In executive transactions, CEO Mike Slessor sold 39,606 shares of FormFactor stock on January 6 at an average price of $65.00, amounting to approximately $2.57 million. This sale reduced his holding by 7.54%. Meanwhile, Director Kelley Steven-Waiss sold 2,700 shares at an average price of $55.97, which represented a 7.61% decrease in their ownership. Overall, insider selling has amounted to 73,466 shares worth nearly $4.68 million over the last three months, with insiders currently owning 0.96% of the stock.
The company has also seen shifts in institutional investment. Notably, Salomon & Ludwin LLC acquired a new stake worth $25,000 in FormFactor during the third quarter, while Jones Financial Companies Lllp increased its holdings by 84.4%. Other significant moves include Hantz Financial Services’ substantial growth in position and Torren Management’s new stake addition.
As of the latest trading session, FormFactor’s stock was priced at $70.49, exhibiting a volatile trading range over the past year with a low of $22.58 and a high of $85.49. The company’s market capitalization stands at around $5.46 billion, and it maintains a strong balance sheet with a debt-to-equity ratio of just 0.01, indicating financial stability.
FormFactor is recognized as a leading provider of advanced test and measurement solutions for the semiconductor sector. The company specializes in high-performance test interfaces, critical for evaluating next-generation integrated circuits across various applications. Their innovative product offerings include custom probe cards, analytical probes, and socket solutions tailored for diverse industry needs.
As analysts continue to evaluate the company’s market performance, the prospects for FormFactor appear promising given its robust product line and increasing institutional support, suggesting potential for growth in the semiconductor industry.