Needham analyst Quinn Bolton reiterated a Buy rating on Formfactor (FORM) on August 1 and set a price target of $19. The company’s shares closed on Friday at $17.58.
According to TipRanks.com, Bolton is a top 100 analyst with an average return of 17.1% and a 68.2% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Applied Materials Inc, and Ichor Holdings Ltd.
Formfactor has an analyst consensus of Moderate Buy, with a price target consensus of $19.60, which is an 11.5% upside from current levels. In a report issued on August 1, B.Riley FBR also maintained a Buy rating on the stock with a $22 price target.
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Formfactor’s market cap is currently $1.31B and has a P/E ratio of 12.62. The company has a Price to Book ratio of 2.17.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.
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FormFactor, Inc. engages in the provision of test and measurement solutions. It operates through the following segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies.
