Shares of FormFactor, Inc. (NASDAQ:FORM) have received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.38.
FORM has been the subject of several analyst reports. BidaskClub downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine downgraded FormFactor from a “hold” rating to a “sell” rating in a report on Monday, October 8th. B. Riley reduced their target price on FormFactor from $19.00 to $18.00 and set a “buy” rating for the company in a report on Monday, July 30th. Zacks Investment Research raised FormFactor from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, TheStreet raised FormFactor from a “c+” rating to a “b” rating in a report on Thursday, August 2nd.
Shares of NASDAQ FORM traded up $0.35 during mid-day trading on Friday, hitting $16.39. 39,757 shares of the company traded hands, compared to its average volume of 364,306. FormFactor has a 1 year low of $11.10 and a 1 year high of $18.65. The company has a market cap of $890.04 million, a price-to-earnings ratio of 16.36, a P/E/G ratio of 1.38 and a beta of 1.33. The company has a quick ratio of 2.25, a current ratio of 2.94 and a debt-to-equity ratio of 0.11.
FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, October 31st. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. FormFactor had a return on equity of 12.77% and a net margin of 5.55%. The business had revenue of $135.00 million during the quarter, compared to the consensus estimate of $133.13 million. During the same period in the prior year, the business posted $0.34 earnings per share. FormFactor’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that FormFactor will post 0.71 EPS for the current fiscal year.
In related news, Director Michael W. Zellner sold 11,000 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $13.49, for a total value of $148,390.00. Following the completion of the sale, the director now directly owns 41,875 shares of the company’s stock, valued at approximately $564,893.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Delateur sold 6,000 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $14.07, for a total value of $84,420.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at $182,910. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new stake in FormFactor in the 3rd quarter worth about $248,000. Victory Capital Management Inc. lifted its stake in FormFactor by 3.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,945,173 shares of the semiconductor company’s stock worth $26,746,000 after acquiring an additional 61,116 shares in the last quarter. Stanley Laman Group Ltd. purchased a new stake in FormFactor in the 3rd quarter worth about $754,000. Integrated Investment Consultants LLC purchased a new stake in FormFactor in the 3rd quarter worth about $178,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in FormFactor in the 3rd quarter worth about $1,114,000. 93.42% of the stock is owned by hedge funds and other institutional investors.
FormFactor Company Profile
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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