FormFactor (NASDAQ:FORM) Director Kelley Steven-Waiss sold 8,000 shares of the stock in a transaction on Monday, May 14th. The stock was sold at an average price of $13.22, for a total transaction of $105,760.00. Following the sale, the director now owns 1,000 shares of the company’s stock, valued at $13,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:FORM opened at $13.20 on Thursday. The company has a quick ratio of 2.46, a current ratio of 3.23 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $945.76 million, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.94 and a beta of 1.37. FormFactor has a 12 month low of $13.15 and a 12 month high of $13.25.
FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, May 2nd. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. FormFactor had a net margin of 7.04% and a return on equity of 15.19%. The firm had revenue of $118.29 million for the quarter, compared to analyst estimates of $116.08 million. During the same period last year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. research analysts anticipate that FormFactor will post 0.86 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in FORM. SG Americas Securities LLC bought a new position in shares of FormFactor in the first quarter valued at $113,000. Meadow Creek Investment Management LLC bought a new position in shares of FormFactor in the first quarter valued at $117,000. Aperio Group LLC bought a new position in shares of FormFactor in the first quarter valued at $140,000. Glen Harbor Capital Management LLC bought a new position in shares of FormFactor in the first quarter valued at $148,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of FormFactor in the fourth quarter valued at $179,000. 82.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the stock. Needham & Company LLC cut shares of FormFactor from a “strong-buy” rating to a “buy” rating and reduced their price target for the stock from $20.00 to $17.00 in a report on Friday, April 27th. BidaskClub cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. B. Riley restated a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of FormFactor in a report on Monday, January 29th. TheStreet cut shares of FormFactor from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. Finally, Zacks Investment Research upgraded shares of FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, April 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.93.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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