FormFactor, Inc. (NASDAQ:FORM) has received an average recommendation of “Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.40.
Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. TheStreet lowered shares of FormFactor from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. Citigroup dropped their price objective on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. B. Riley restated a “buy” rating and set a $20.00 price objective (down from $22.00) on shares of FormFactor in a report on Monday, January 29th. Finally, Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd.
In related news, CFO Michael M. Ludwig sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $13.38, for a total transaction of $33,450.00. Following the sale, the chief financial officer now directly owns 242,887 shares in the company, valued at $3,249,828.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis Thomas St sold 20,867 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $13.58, for a total transaction of $283,373.86. Following the sale, the director now owns 61,533 shares in the company, valued at $835,618.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,431 shares of company stock worth $1,286,460. 2.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of FORM. Parametric Portfolio Associates LLC increased its stake in FormFactor by 198.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 71,924 shares of the semiconductor company’s stock valued at $892,000 after buying an additional 47,835 shares during the last quarter. State Street Corp increased its stake in FormFactor by 5.3% in the 2nd quarter. State Street Corp now owns 1,327,001 shares of the semiconductor company’s stock valued at $16,454,000 after buying an additional 66,847 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in FormFactor by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,360 shares of the semiconductor company’s stock valued at $699,000 after buying an additional 2,731 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in FormFactor by 6.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 75,958 shares of the semiconductor company’s stock valued at $1,280,000 after buying an additional 4,616 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its stake in FormFactor by 4.3% in the 3rd quarter. State of Wisconsin Investment Board now owns 600,000 shares of the semiconductor company’s stock valued at $10,110,000 after buying an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.
Shares of FormFactor (FORM) opened at $14.90 on Friday. The company has a quick ratio of 2.58, a current ratio of 3.32 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1,101.55, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33. FormFactor has a twelve month low of $10.45 and a twelve month high of $18.65.
FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The firm had revenue of $131.90 million during the quarter, compared to analyst estimates of $129.98 million. FormFactor had a return on equity of 16.81% and a net margin of 7.46%. sell-side analysts anticipate that FormFactor will post 1.08 EPS for the current year.
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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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