FORM has been the topic of a number of other reports. DA Davidson increased their price objective on shares of FormFactor from $12.00 to $15.00 and gave the stock a buy rating in a research note on Wednesday, January 11th. Sidoti began coverage on shares of FormFactor in a research note on Friday, March 10th. They issued a buy rating and a $15.00 price target on the stock. Stifel Nicolaus raised their price target on shares of FormFactor from $13.00 to $15.00 and gave the company a buy rating in a research note on Thursday, February 9th. Needham & Company LLC restated a buy rating and issued a $15.00 price target on shares of FormFactor in a research note on Thursday, February 9th. Finally, Zacks Investment Research upgraded shares of FormFactor from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Monday, May 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. FormFactor presently has an average rating of Buy and a consensus price target of $15.63.
Shares of FormFactor (NASDAQ:FORM) opened at 13.20 on Thursday. The firm has a 50-day moving average of $13.78 and a 200-day moving average of $12.04. FormFactor has a 52-week low of $8.20 and a 52-week high of $15.58. The stock has a market cap of $952.00 million, a P/E ratio of 72.53 and a beta of 1.59.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $128.80 million for the quarter, compared to the consensus estimate of $124.07 million. FormFactor had a net margin of 2.71% and a return on equity of 11.02%. The business’s revenue for the quarter was up 140.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. On average, equities analysts expect that FormFactor will post $1.02 EPS for the current fiscal year.
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In other FormFactor news, Director Dennis Thomas St sold 285,333 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $14.61, for a total transaction of $4,168,715.13. Following the completion of the transaction, the director now owns 40,666 shares in the company, valued at approximately $594,130.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard Delateur sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $13.80, for a total transaction of $1,104,000.00. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at approximately $1,242,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 479,083 shares of company stock valued at $6,853,928. 2.84% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in FormFactor by 8.5% in the third quarter. Sei Investments Co. now owns 9,250 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 724 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in FormFactor during the first quarter valued at about $118,000. Suntrust Banks Inc. purchased a new position in FormFactor during the first quarter valued at about $122,000. Campbell & CO Investment Adviser LLC purchased a new position in FormFactor during the first quarter valued at about $158,000. Finally, Tudor Investment Corp ET AL purchased a new position in FormFactor during the first quarter valued at about $160,000. Hedge funds and other institutional investors own 87.80% of the company’s stock.
FormFactor Company Profile
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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