FormFactor, Inc. (NASDAQ:FORM)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research note issued to investors on Friday, October 27th. They presently have a $18.00 price target on the semiconductor company’s stock. Needham & Company LLC’s target price points to a potential upside of 4.35% from the stock’s current price.
A number of other research firms have also weighed in on FORM. DA Davidson reaffirmed a “buy” rating and issued a $20.00 price objective on shares of FormFactor in a research note on Thursday, August 31st. B. Riley reaffirmed a “buy” rating and issued a $20.00 price objective on shares of FormFactor in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $18.06.
Shares of FormFactor (FORM) opened at $17.25 on Friday. The stock has a market cap of $1,275.40, a price-to-earnings ratio of 17.83, a PEG ratio of 1.05 and a beta of 1.53. FormFactor has a one year low of $10.15 and a one year high of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16.
FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The company had revenue of $143.74 million during the quarter, compared to analyst estimates of $140.83 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. sell-side analysts predict that FormFactor will post 1.04 EPS for the current fiscal year.
In related news, CFO Michael M. Ludwig sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $14.21, for a total value of $426,300.00. Following the sale, the chief financial officer now owns 262,847 shares in the company, valued at $3,735,055.87. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Delateur sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total value of $265,350.00. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at approximately $442,250. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,570 shares of company stock worth $1,183,981. 2.30% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its position in FormFactor by 105.4% in the 3rd quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 4,909 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of FormFactor during the 3rd quarter valued at approximately $172,000. Gotham Asset Management LLC purchased a new position in shares of FormFactor during the 2nd quarter valued at approximately $140,000. Csenge Advisory Group purchased a new position in shares of FormFactor during the 3rd quarter valued at approximately $206,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of FormFactor by 214.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 12,462 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 8,505 shares in the last quarter. Institutional investors and hedge funds own 84.11% of the company’s stock.
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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