Formfactor Receives a New Rating from Top Analyst

By Jason Carr

B. Riley analyst Craig Ellis reiterated a Buy rating on Formfactor (NASDAQ: FORM) today and set a price target of $17. The company’s shares opened today at $13.70.

According to TipRanks.com, Ellis is a top 100 analyst with an average return of 31.2% and a 77.1% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Rudolph Technologies.

Formfactor has an analyst consensus of Moderate Buy, with a price target consensus of $16.

Formfactor’s market cap is currently $931.7M and has a P/E ratio of 50. The company has a book value ratio of 2.2433.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Dennis Thomas St, the EC of FORM sold 400 shares for a total of $5,568.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

FormFactor, Inc. engages in the design, development, manufacture, sale, and support of advanced semiconductor probe card products. Its products are used to test the integrated circuits that power every smart phone and tablet on the planet, as well as electronic systems used in computing, consumer, automotive, and other applications.