FormFactor (NASDAQ:FORM) Sets New 12-Month High at $61.34

FormFactor, Inc. (NASDAQ:FORM)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $61.34 and last traded at $61.24, with a volume of 41539 shares traded. The stock had previously closed at $59.63.

Analysts Set New Price Targets

A number of research analysts have commented on FORM shares. Craig Hallum boosted their target price on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. TD Cowen lifted their target price on shares of FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Citigroup boosted their target price on shares of FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Evercore ISI initiated coverage on shares of FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target on the stock. Finally, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, FormFactor currently has an average rating of “Hold” and an average target price of $49.30.

FormFactor Trading Up 3.7 %

The business has a fifty day moving average price of $54.18 and a 200 day moving average price of $46.25. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 45.17 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.67.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $168.73 million during the quarter, compared to the consensus estimate of $165.45 million. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. On average, equities analysts expect that FormFactor, Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total value of $175,000.00. Following the sale, the chief executive officer now owns 491,781 shares of the company’s stock, valued at $21,515,418.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other FormFactor news, CFO Shai Shahar sold 6,094 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $55.76, for a total transaction of $339,801.44. Following the sale, the chief financial officer now owns 15,669 shares of the company’s stock, valued at approximately $873,703.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at $21,515,418.75. The disclosure for this sale can be found here. Insiders sold a total of 37,536 shares of company stock valued at $2,023,154 over the last ninety days. 0.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On FormFactor

Several large investors have recently made changes to their positions in FORM. Vanguard Group Inc. grew its position in shares of FormFactor by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock valued at $341,007,000 after purchasing an additional 224,599 shares during the period. Earnest Partners LLC lifted its stake in FormFactor by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock valued at $225,386,000 after acquiring an additional 78,466 shares in the last quarter. Hood River Capital Management LLC boosted its position in FormFactor by 7.2% during the 1st quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock worth $94,867,000 after acquiring an additional 140,223 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of FormFactor by 81.1% during the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after acquiring an additional 862,885 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of FormFactor by 5.4% in the first quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock valued at $68,156,000 after purchasing an additional 76,032 shares during the last quarter. Institutional investors and hedge funds 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.