FormFactor, Inc. (NASDAQ:FORM) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $25.83.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised FormFactor from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, November 4th. Sidoti assumed coverage on FormFactor in a research note on Tuesday, January 21st. They set a “neutral” rating and a $30.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $28.00 price objective (up previously from $25.00) on shares of FormFactor in a research note on Friday, December 13th. Stifel Nicolaus lowered FormFactor from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th.
In other FormFactor news, CEO Mike Slessor sold 50,000 shares of FormFactor stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $25.91, for a total transaction of $1,295,500.00. Following the completion of the sale, the chief executive officer now owns 361,623 shares of the company’s stock, valued at $9,369,651.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis Thomas St sold 5,000 shares of FormFactor stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $22.68, for a total value of $113,400.00. The disclosure for this sale can be found here. Insiders have sold 79,976 shares of company stock valued at $2,010,052 in the last three months. 1.88% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of FORM. FMR LLC lifted its stake in FormFactor by 261,685.1% during the first quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock worth $16,427,000 after purchasing an additional 1,020,572 shares during the last quarter. Pacer Advisors Inc. lifted its stake in FormFactor by 6.2% during the third quarter. Pacer Advisors Inc. now owns 16,258 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 951 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in FormFactor by 9.0% during the third quarter. Envestnet Asset Management Inc. now owns 71,090 shares of the semiconductor company’s stock worth $1,325,000 after purchasing an additional 5,855 shares during the last quarter. Rhumbline Advisers lifted its stake in FormFactor by 6.8% during the third quarter. Rhumbline Advisers now owns 241,911 shares of the semiconductor company’s stock worth $4,510,000 after purchasing an additional 15,452 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in FormFactor by 113.9% during the third quarter. State of Tennessee Treasury Department now owns 64,266 shares of the semiconductor company’s stock worth $1,198,000 after purchasing an additional 34,215 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ FORM opened at $26.89 on Friday. The stock has a market cap of $2.04 billion, a PE ratio of 52.73 and a beta of 1.71. FormFactor has a fifty-two week low of $14.20 and a fifty-two week high of $28.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.46 and a current ratio of 3.07. The stock has a fifty day moving average of $26.48 and a 200-day moving average of $21.93.
FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The company had revenue of $178.63 million during the quarter, compared to analyst estimates of $173.99 million. FormFactor had a return on equity of 10.09% and a net margin of 6.67%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. On average, sell-side analysts predict that FormFactor will post 0.92 EPS for the current 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.
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