Shares of FormFactor, Inc. (NASDAQ:FORM) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $18.00.
A number of research analysts recently commented on FORM shares. Zacks Investment Research raised shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. BidaskClub downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Northland Securities downgraded shares of FormFactor from an “outperform” rating to a “market perform” rating and increased their target price for the company from $16.50 to $18.00 in a research report on Thursday, May 2nd.
In related news, Director Dennis Thomas St sold 8,000 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $15.99, for a total value of $127,920.00. Following the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $719,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond A. Link sold 4,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $15.58, for a total transaction of $62,320.00. Following the completion of the transaction, the director now directly owns 49,602 shares in the company, valued at $772,799.16. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock worth $208,744 over the last ninety days. Insiders own 1.88% of the company’s stock.
A number of institutional investors have recently modified their holdings of FORM. GYL Financial Synergies LLC acquired a new stake in shares of FormFactor in the first quarter valued at about $848,000. FMR LLC lifted its stake in shares of FormFactor by 261,685.1% in the first quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock valued at $16,427,000 after purchasing an additional 1,020,572 shares during the period. Morgan Stanley lifted its stake in shares of FormFactor by 89.5% in the first quarter. Morgan Stanley now owns 515,292 shares of the semiconductor company’s stock valued at $8,292,000 after purchasing an additional 243,314 shares during the period. SEI Investments Co lifted its stake in shares of FormFactor by 1,053.7% in the first quarter. SEI Investments Co now owns 31,126 shares of the semiconductor company’s stock valued at $501,000 after purchasing an additional 28,428 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of FormFactor by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 293,742 shares of the semiconductor company’s stock valued at $4,727,000 after purchasing an additional 58,761 shares during the period. 94.47% of the stock is currently owned by institutional investors.
Shares of FORM traded up $0.25 during midday trading on Thursday, reaching $15.55. The stock had a trading volume of 252,455 shares, compared to its average volume of 368,548. FormFactor has a 1-year low of $11.38 and a 1-year high of $19.27. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.02 and a beta of 1.68. The company has a current ratio of 3.36, a quick ratio of 2.54 and a debt-to-equity ratio of 0.09.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. FormFactor had a net margin of 19.76% and a return on equity of 11.06%. The business had revenue of $132.21 million for the quarter, compared to analyst estimates of $130.37 million. During the same period last year, the business earned $0.17 EPS. The company’s revenue was up 11.8% on a year-over-year basis. On average, analysts predict that FormFactor will post 0.65 earnings per share for the current fiscal year.
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.
Featured Article: What is a Call Option?
Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.