FormFactor (NASDAQ:FORM) had its price target boosted by Stifel Nicolaus from $20.00 to $21.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the semiconductor company’s stock.
Several other research firms also recently commented on FORM. Needham & Company LLC started coverage on shares of FormFactor in a report on Monday, June 10th. They issued a buy rating and a $19.00 price objective on the stock. Northland Securities downgraded shares of FormFactor from an outperform rating to a market perform rating and upped their price objective for the company from $16.50 to $18.00 in a report on Thursday, May 2nd. BidaskClub raised shares of FormFactor from a hold rating to a buy rating in a report on Friday, July 26th. Zacks Investment Research downgraded shares of FormFactor from a hold rating to a sell rating in a report on Tuesday, May 7th. Finally, DA Davidson upped their price objective on shares of FormFactor to $21.00 and gave the company a buy rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $18.67.
NASDAQ:FORM traded down $0.39 during trading hours on Thursday, hitting $17.58. 313,771 shares of the company were exchanged, compared to its average volume of 275,813. The stock has a market cap of $1.34 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.34 and a beta of 1.69. FormFactor has a 52-week low of $11.38 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.54. The company’s 50 day moving average is $15.59.
FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $138.00 million for the quarter, compared to the consensus estimate of $134.65 million. FormFactor had a net margin of 19.27% and a return on equity of 9.73%. FormFactor’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. As a group, equities research analysts predict that FormFactor will post 0.62 EPS for the current year.
In related news, Director Raymond A. Link sold 4,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $15.58, for a total transaction of $62,320.00. Following the sale, the director now directly owns 49,602 shares of the company’s stock, valued at $772,799.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond A. Link sold 5,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $15.39, for a total transaction of $76,950.00. Following the sale, the director now directly owns 56,602 shares in the company, valued at $871,104.78. The disclosure for this sale can be found here. Insiders sold a total of 10,200 shares of company stock worth $158,074 over the last ninety days. Insiders own 1.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FORM. Advisor Group Inc. raised its position in shares of FormFactor by 28.0% in the fourth quarter. Advisor Group Inc. now owns 6,311 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 1,381 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in shares of FormFactor by 9.1% in the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 600 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of FormFactor in the second quarter valued at about $134,000. Amalgamated Bank raised its position in shares of FormFactor by 6.7% in the fourth quarter. Amalgamated Bank now owns 10,877 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 681 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of FormFactor in the first quarter valued at about $224,000. 92.98% of the stock is currently 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, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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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