FormFactor, Inc. (FORM) Given Average Rating of “Buy” by Brokerages
FormFactor, Inc. (NASDAQ:FORM) has been given an average rating of “Buy” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.06.
A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of FormFactor in a research report on Tuesday, September 12th. DA Davidson reiterated a “buy” rating and set a $20.00 target price on shares of FormFactor in a research report on Thursday, August 31st. B. Riley restated a “buy” rating and issued a $22.00 price objective (up previously from $20.00) on shares of FormFactor in a report on Thursday, November 2nd. Finally, Citigroup raised their price objective on FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a report on Thursday, November 2nd.
In other FormFactor news, CFO Michael M. Ludwig sold 16,845 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $17.50, for a total value of $294,787.50. Following the transaction, the chief financial officer now owns 241,132 shares in the company, valued at approximately $4,219,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Delateur sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 25,000 shares in the company, valued at approximately $442,250. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FORM. Gotham Asset Management LLC purchased a new position in shares of FormFactor during the 2nd quarter worth $140,000. Great West Life Assurance Co. Can raised its holdings 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 worth $154,000 after acquiring an additional 8,505 shares during the period. Advisor Group Inc. raised its holdings in shares of FormFactor by 105.4% during the 3rd quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 4,909 shares during the period. SG Americas Securities LLC purchased a new position in shares of FormFactor during the 3rd quarter worth $172,000. Finally, Quantbot Technologies LP raised its holdings in shares of FormFactor by 3,136.6% during the 2nd quarter. Quantbot Technologies LP now owns 14,662 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 14,209 shares during the period. Institutional investors and hedge funds own 84.44% of the company’s stock.
FormFactor (FORM) opened at $15.40 on Thursday. FormFactor has a 52-week low of $10.45 and a 52-week high of $18.65. The stock has a market capitalization of $1,098.41, a P/E ratio of 15.36, a PEG ratio of 0.90 and a beta of 1.46. 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 announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The firm had revenue of $143.74 million for the quarter, compared to analyst estimates of $140.83 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue was up 16.6% on a year-over-year basis. analysts expect that FormFactor will post 1.04 earnings per share for the current fiscal year.
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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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