FormFactor, Inc. (NASDAQ:FORM) has received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.06.
Several research analysts have commented on FORM shares. B. Riley lifted their price objective on shares of FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of FormFactor in a research note on Friday, October 27th. DA Davidson reaffirmed a “buy” rating and set a $20.00 price objective on shares of FormFactor in a research note on Thursday, August 31st. Citigroup Inc. lifted their price objective on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, August 9th.
FormFactor (NASDAQ:FORM) opened at $17.47 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.25 and a current ratio of 3.16. The company has a market cap of $1,275.40, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. FormFactor has a one year low of $9.65 and a one year high of $18.65.
FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $143.74 million during the quarter, compared to analyst estimates of $140.83 million. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. FormFactor’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. equities analysts anticipate that FormFactor will post 1.04 EPS for the current fiscal year.
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In other news, CFO Michael M. Ludwig sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $14.21, for a total transaction of $426,300.00. Following the completion of the sale, the chief financial officer now directly owns 262,847 shares of the company’s stock, valued at $3,735,055.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Delateur sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total transaction of $265,350.00. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $442,250. The disclosure for this sale can be found here. Insiders have sold 58,725 shares of company stock valued at $889,194 over the last three months. Insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of FORM. UBS Asset Management Americas Inc. boosted its stake in shares of FormFactor by 94.1% during the first quarter. UBS Asset Management Americas Inc. now owns 26,578 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 12,883 shares during the period. Teachers Advisors LLC boosted its stake in shares of FormFactor by 3.9% during the first quarter. Teachers Advisors LLC now owns 117,395 shares of the semiconductor company’s stock valued at $1,391,000 after purchasing an additional 4,386 shares during the period. Vanguard Group Inc. boosted its stake in shares of FormFactor by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,718,078 shares of the semiconductor company’s stock valued at $67,759,000 after purchasing an additional 240,637 shares during the period. Geode Capital Management LLC lifted its stake in FormFactor by 6.6% in the first quarter. Geode Capital Management LLC now owns 566,722 shares of the semiconductor company’s stock worth $6,715,000 after acquiring an additional 35,128 shares during the period. Finally, KCG Holdings Inc. lifted its stake in FormFactor by 14.7% in the first quarter. KCG Holdings Inc. now owns 16,500 shares of the semiconductor company’s stock worth $196,000 after acquiring an additional 2,120 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.
FormFactor Company Profile
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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