FormFactor (NASDAQ:FORM)‘s stock had its “buy” rating reissued by analysts at B. Riley in a note issued to investors on Monday, January 29th, MarketBeat reports. They currently have a $20.00 target price on the semiconductor company’s stock, down from their previous target price of $22.00. B. Riley’s target price would suggest a potential upside of 61.29% from the company’s previous close. B. Riley also issued estimates for FormFactor’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.25 EPS and FY2018 earnings at $1.08 EPS.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Needham & Company LLC decreased their price objective on shares of FormFactor from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Thursday, January 18th. Finally, Citigroup upped their price objective on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. FormFactor presently has an average rating of “Buy” and a consensus price target of $18.00.
Shares of FormFactor (FORM) opened at $12.40 on Monday. The firm has a market cap of $903.03, a P/E ratio of 22.55, a PEG ratio of 0.72 and a beta of 1.27. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. FormFactor has a 1-year low of $10.45 and a 1-year high of $18.65.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its holdings in shares of FormFactor by 105.4% during the 3rd quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 4,909 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of FormFactor in the 3rd quarter worth approximately $172,000. Gotham Asset Management LLC bought a new position in shares of FormFactor in the 2nd quarter worth approximately $140,000. Thompson Davis & CO. Inc. bought a new position in shares of FormFactor in the 4th quarter worth approximately $186,000. Finally, Csenge Advisory Group bought a new position in shares of FormFactor in the 3rd quarter worth approximately $206,000. 82.93% of the stock is currently owned by hedge funds and other institutional investors.
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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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