FormFactor (FORM) Given Media Impact Rating of 0.16

Headlines about FormFactor (NASDAQ:FORM) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FormFactor earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.87748027104 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s rankings:

FormFactor (FORM) opened at $16.60 on Friday. FormFactor has a one year low of $10.45 and a one year high of $18.65. The company has a current ratio of 3.16, a quick ratio of 2.45 and a debt-to-equity ratio of 0.20. The company has a market cap of $1,340.00, a PE ratio of 15.20, a PEG ratio of 0.89 and a beta of 1.46.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. sell-side analysts forecast that FormFactor will post 1.04 earnings per share for the current year.

A number of research firms have issued reports on FORM. Needham & Company LLC upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $20.00 to $22.00 in a report on Thursday. DA Davidson reaffirmed a “buy” rating and set a $20.00 price objective on shares of FormFactor in a research note on Thursday, August 31st. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective (up previously from $20.00) on shares of FormFactor in a research note on Thursday, November 2nd. Finally, Citigroup upped their price objective on shares of FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $18.63.

In related news, CFO Michael M. Ludwig sold 16,845 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the sale, the chief financial officer now owns 241,132 shares of the company’s stock, valued at approximately $4,219,810. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Delateur sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $442,250. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

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About FormFactor

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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