FormFactor (NASDAQ:FORM) had its price objective cut by Citigroup from $16.00 to $14.00 in a report released on Friday morning. They currently have a neutral rating on the semiconductor company’s stock.
A number of other equities research analysts also recently commented on FORM. BidaskClub downgraded FormFactor from a strong-buy rating to a buy rating in a research report on Friday. B. Riley reiterated a buy rating and issued a $20.00 target price (down from $22.00) on shares of FormFactor in a research report on Monday, January 29th. Needham & Company LLC reiterated a buy rating and issued a $18.00 target price on shares of FormFactor in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded FormFactor from a hold rating to a sell rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $18.00.
FormFactor (NASDAQ:FORM) opened at $12.40 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. The company has a market capitalization of $903.03, a PE ratio of 22.55, a PEG ratio of 0.72 and a beta of 1.27. FormFactor has a 52-week low of $10.45 and a 52-week high of $18.65.
Large investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in shares of FormFactor by 105.4% in the third quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock worth $160,000 after buying an additional 4,909 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of FormFactor in the third quarter worth about $172,000. Gotham Asset Management LLC purchased a new stake in shares of FormFactor in the second quarter worth about $140,000. Thompson Davis & CO. Inc. purchased a new stake in shares of FormFactor in the fourth quarter worth about $186,000. Finally, Csenge Advisory Group purchased a new stake in FormFactor during the third quarter valued at approximately $206,000. Institutional investors own 82.93% of the company’s stock.
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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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