FormFactor (NASDAQ:FORM)‘s stock had its “strong-buy” rating restated by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday. They presently have a $20.00 target price on the semiconductor company’s stock, down from their prior target price of $22.00. Needham & Company LLC’s price target would suggest a potential upside of 29.03% from the company’s previous close.
FORM has been the subject of a number of other reports. B. Riley upped their price target on shares of FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup upped their price target on shares of FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. FormFactor presently has a consensus rating of “Buy” and an average price target of $18.34.
FormFactor (NASDAQ:FORM) remained flat at $$15.50 during mid-day trading on Thursday. The stock had a trading volume of 528,375 shares, compared to its average volume of 602,386. The firm has a market cap of $1,120.00, a price-to-earnings ratio of 59.62, a P/E/G ratio of 0.81 and a beta of 1.46. FormFactor has a 12 month low of $10.45 and a 12 month high of $18.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The company had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same period in the prior year, the company earned $0.22 EPS. FormFactor’s revenue was up 16.6% on a year-over-year basis. equities analysts forecast that FormFactor will post 1.04 earnings per share for the current fiscal year.
In other FormFactor news, CFO Michael M. Ludwig sold 16,845 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $17.50, for a total value of $294,787.50. Following the completion of the sale, the chief financial officer now directly owns 241,132 shares of the company’s stock, valued at approximately $4,219,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Delateur sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total transaction of $265,350.00. Following the completion of 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. 2.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in FormFactor by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 17,068 shares of the semiconductor company’s stock worth $215,000 after buying an additional 469 shares during the period. Virtu KCG Holdings LLC raised its holdings in FormFactor by 5.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 17,472 shares of the semiconductor company’s stock worth $217,000 after buying an additional 972 shares during the period. Voya Investment Management LLC raised its holdings in FormFactor by 7.1% during the 2nd quarter. Voya Investment Management LLC now owns 34,013 shares of the semiconductor company’s stock worth $422,000 after buying an additional 2,252 shares during the period. The Manufacturers Life Insurance Company raised its holdings in FormFactor by 5.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,360 shares of the semiconductor company’s stock worth $699,000 after buying an additional 2,731 shares during the period. Finally, American International Group Inc. raised its holdings in FormFactor by 8.1% during the 3rd quarter. American International Group Inc. now owns 48,276 shares of the semiconductor company’s stock worth $813,000 after buying an additional 3,610 shares during the period. Hedge funds and other institutional investors own 84.56% of the company’s stock.
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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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