What is the average analyst target price for FormFactor?
The average 1-year target price among brokerages is $64.11.
Finance / Stocks
FormFactor (FORM) has seen strong share price momentum recently, drawing attention from investors and analysts. This article provides an overview of its valuation, analyst recommendations, and recent insider trading activity to help readers...
FormFactor (FORM), a provider of test and measurement solutions for the semiconductor industry, is currently trading near US$70, despite an analyst price target of US$64.11.
**Analyst Ratings:** The consensus recommendation of "Moderate Buy" reflects mixed opinions among analysts, with six holding the stock, five recommending a buy, and one suggesting a strong buy. Stifel Nicolaus lifted their target price on FormFactor from $42.00 to $65.00 and gave the company a "hold" rating. Itau BBA Securities raised shares of FormFactor to an "outperform" rating.
**Insider Trading:** Recent insider selling activity, including sales by the CEO and other insiders, may raise concerns. Over the last three months, insiders sold 73,466 shares of company stock worth $4,683,377. However, it's important to note that insiders still own 0.96% of the stock.
**Institutional Ownership:** Institutional investors hold a significant 98.76% of the company's stock. Several large investors have recently modified their holdings of FORM, indicating continued interest from institutional players.
**Valuation:** With a market cap of $5.46 billion and a high trailing PE ratio of 135.56, FormFactor's valuation appears stretched. The stock's 52-week range provides a sense of its volatility and potential price movement.
The average 1-year target price among brokerages is $64.11.
Yes, CEO Mike Slessor sold 39,606 shares, and insiders sold a total of 73,466 shares in the last three months.
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