FormFactor (NASDAQ:FORM) Research Coverage Started at Sidoti

Sidoti started coverage on shares of FormFactor (NASDAQ:FORM) in a research report report published on Tuesday morning, The Fly reports. The brokerage issued a neutral rating and a $30.00 price objective on the semiconductor company’s stock.

FORM has been the topic of a number of other reports. Northland Securities reissued a hold rating and issued a $20.00 target price on shares of FormFactor in a research note on Thursday, October 31st. B. Riley assumed coverage on shares of FormFactor in a research note on Friday, November 22nd. They issued a buy rating and a $26.00 target price on the stock. Needham & Company LLC lowered shares of FormFactor from a buy rating to a hold rating in a research note on Thursday, December 12th. ValuEngine lowered shares of FormFactor from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, BidaskClub raised shares of FormFactor from a buy rating to a strong-buy rating in a research note on Saturday, October 5th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $24.13.

FORM traded down $1.29 during trading on Tuesday, reaching $27.16. The company’s stock had a trading volume of 38,311 shares, compared to its average volume of 400,099. The company has a quick ratio of 2.14, a current ratio of 2.75 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $25.89 and a two-hundred day simple moving average of $20.77. FormFactor has a 1 year low of $13.22 and a 1 year high of $28.29. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 19.40 and a beta of 1.75.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. FormFactor had a net margin of 19.18% and a return on equity of 8.82%. The business had revenue of $140.60 million for the quarter, compared to analyst estimates of $140.54 million. During the same period last year, the company posted $0.26 EPS. The business’s revenue was up 4.1% on a year-over-year basis. As a group, equities analysts forecast that FormFactor will post 0.74 EPS for the current fiscal year.

In other news, Director Dennis Thomas St sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $22.68, for a total transaction of $113,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 14,976 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $22.82, for a total transaction of $341,752.32. Following the sale, the chief executive officer now owns 336,623 shares of the company’s stock, valued at approximately $7,681,736.86. The disclosure for this sale can be found here. Insiders have sold a total of 44,976 shares of company stock valued at $1,020,652 in the last 90 days. Insiders own 1.88% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its holdings in shares of FormFactor by 33.6% during the 3rd quarter. California Public Employees Retirement System now owns 153,825 shares of the semiconductor company’s stock worth $2,868,000 after buying an additional 38,700 shares during the last quarter. Stifel Financial Corp increased its holdings in FormFactor by 4.8% in the 3rd quarter. Stifel Financial Corp now owns 37,054 shares of the semiconductor company’s stock valued at $692,000 after purchasing an additional 1,696 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in FormFactor by 14.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 42,292 shares of the semiconductor company’s stock valued at $663,000 after purchasing an additional 5,232 shares during the last quarter. Texas Permanent School Fund increased its holdings in FormFactor by 1.1% in the 3rd quarter. Texas Permanent School Fund now owns 51,174 shares of the semiconductor company’s stock valued at $954,000 after purchasing an additional 558 shares during the last quarter. Finally, Mirador Capital Partners LP increased its holdings in FormFactor by 19.6% in the 3rd quarter. Mirador Capital Partners LP now owns 29,565 shares of the semiconductor company’s stock valued at $551,000 after purchasing an additional 4,836 shares during the last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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.

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