FormFactor (NASDAQ:FORM) Price Target Increased to $54.00 by Analysts at B. Riley

FormFactor (NASDAQ:FORM) had its target price lifted by B. Riley from $52.00 to $54.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other research firms have also weighed in on FORM. Craig Hallum increased their price target on FormFactor from $50.00 to $60.00 and gave the company a buy rating in a report on Thursday. StockNews.com cut shares of FormFactor from a buy rating to a hold rating in a report on Friday, April 19th. TD Cowen raised their price target on shares of FormFactor from $37.00 to $48.00 and gave the company a hold rating in a research report on Thursday. Needham & Company LLC boosted their target price on FormFactor from $46.00 to $53.00 and gave the stock a buy rating in a report on Thursday. Finally, Stifel Nicolaus increased their price target on shares of FormFactor from $36.00 to $42.00 and gave the stock a hold rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, FormFactor currently has an average rating of Hold and an average target price of $47.30.

FormFactor Stock Up 4.3 %

FormFactor stock traded up $2.25 during midday trading on Thursday, reaching $54.00. The stock had a trading volume of 1,045,249 shares, compared to its average volume of 505,847. The company has a market capitalization of $4.19 billion, a P/E ratio of 40.91 and a beta of 1.15. The company has a current ratio of 4.51, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. FormFactor has a 12 month low of $24.88 and a 12 month high of $54.27. The company has a fifty day moving average price of $44.33 and a two-hundred day moving average price of $40.58.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. As a group, equities analysts expect that FormFactor will post 0.63 EPS for the current fiscal year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $43.38, for a total value of $173,520.00. Following the transaction, the chief executive officer now owns 499,781 shares in the company, valued at $21,680,499.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the transaction, the chief financial officer now directly owns 27,591 shares in the company, valued at approximately $1,228,075.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the sale, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock worth $1,398,580 in the last quarter. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several large investors have recently modified their holdings of FORM. Wellington Management Group LLP lifted its holdings in shares of FormFactor by 81.1% during the fourth quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after purchasing an additional 862,885 shares during the period. Norges Bank purchased a new stake in shares of FormFactor during the fourth quarter valued at approximately $21,454,000. TimesSquare Capital Management LLC bought a new stake in FormFactor in the fourth quarter valued at about $15,484,000. Sora Investors LLC acquired a new stake in shares of FormFactor during the 3rd quarter worth approximately $7,862,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of FormFactor by 124.3% during the third quarter. Envestnet Asset Management Inc. now owns 405,695 shares of the semiconductor company’s stock valued at $14,175,000 after purchasing an additional 224,799 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.