Brokerages Set FormFactor (FORM) Target Price at $18.83

FormFactor (NASDAQ:FORM) has earned a consensus rating of “Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.83.

A number of equities analysts have recently weighed in on FORM shares. Needham & Company LLC lowered their target price on FormFactor from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 18th. Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. BidaskClub lowered FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. B. Riley reissued a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of FormFactor in a research report on Monday, January 29th. Finally, TheStreet lowered FormFactor from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th.

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Shares of NASDAQ:FORM traded up $0.35 during trading on Wednesday, reaching $14.55. 566,614 shares of the stock were exchanged, compared to its average volume of 1,059,914. The company has a quick ratio of 2.58, a current ratio of 3.32 and a debt-to-equity ratio of 0.19. FormFactor has a 1-year low of $10.45 and a 1-year high of $18.65. The firm has a market capitalization of $1,049.34, a price-to-earnings ratio of 14.55, a PEG ratio of 0.87 and a beta of 1.34.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). FormFactor had a return on equity of 16.81% and a net margin of 7.46%. The firm had revenue of $131.90 million for the quarter, compared to analyst estimates of $129.98 million. equities research analysts anticipate that FormFactor will post 1.02 earnings per share for the current fiscal year.

In other news, Director Dennis Thomas St sold 20,867 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $13.58, for a total transaction of $283,373.86. Following the completion of the sale, the director now directly owns 61,533 shares of the company’s stock, valued at approximately $835,618.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael M. Ludwig sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $13.05, for a total value of $587,250.00. Following the sale, the chief financial officer now directly owns 242,887 shares of the company’s stock, valued at $3,169,675.35. The disclosure for this sale can be found here. Insiders sold a total of 98,431 shares of company stock valued at $1,286,460 over the last three months. 1.30% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of FormFactor during the 4th quarter valued at $496,000. Macquarie Group Ltd. increased its position in shares of FormFactor by 3.8% during the 4th quarter. Macquarie Group Ltd. now owns 190,393 shares of the semiconductor company’s stock valued at $2,980,000 after purchasing an additional 6,919 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of FormFactor by 253.1% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 212,200 shares of the semiconductor company’s stock valued at $3,320,000 after purchasing an additional 152,100 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of FormFactor by 99.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 526,343 shares of the semiconductor company’s stock worth $8,237,000 after acquiring an additional 262,210 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of FormFactor by 6.2% during the 4th quarter. Teachers Advisors LLC now owns 846,228 shares of the semiconductor company’s stock worth $13,243,000 after acquiring an additional 49,588 shares during the period. 86.12% of the stock is owned by hedge funds and other institutional investors.

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About FormFactor

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.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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