FormFactor (NASDAQ:FORM) Trading 4.5% Higher

FormFactor, Inc. (NASDAQ:FORM) was up 4.5% during mid-day trading on Thursday . The stock traded as high as $43.59 and last traded at $43.59. Approximately 99,215 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 444,653 shares. The stock had previously closed at $41.72.

Analysts Set New Price Targets

Several analysts have recently issued reports on FORM shares. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Evercore ISI started coverage on FormFactor in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price objective on shares of FormFactor in a research note on Thursday, February 8th. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, TD Cowen increased their price objective on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.56.

FormFactor Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 42.22 and a beta of 1.18. The stock has a 50 day simple moving average of $43.62 and a two-hundred day simple moving average of $40.11.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The business had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. As a group, analysts anticipate that FormFactor, Inc. will post 0.63 earnings per share for the current year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares in the company, valued at $22,776,179.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the transaction, the chief executive officer now owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $44.51, for a total value of $445,100.00. Following the transaction, the chief financial officer now directly owns 27,591 shares in the company, valued at approximately $1,228,075.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,000 shares of company stock worth $1,223,580. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverview Trust Co purchased a new stake in FormFactor in the 1st quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new stake in FormFactor in the 4th quarter valued at approximately $55,000. Quadrant Capital Group LLC boosted its holdings in FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in FormFactor in the 3rd quarter valued at approximately $70,000. Finally, CWM LLC boosted its holdings in FormFactor by 124.3% in the 3rd quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 1,530 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.