FormFactor Earns “Neutral” Rating from Citigroup Inc. (FORM)
FormFactor (NASDAQ:FORM)‘s stock had its “neutral” rating reissued by research analysts at Citigroup Inc. in a report released on Tuesday. They currently have a $7.25 target price on the stock, up from their previous target price of $6.50. Citigroup Inc.’s price target points to a potential upside of 2.98% from the stock’s previous close.
Shares of FormFactor (NASDAQ:FORM) traded up 8.38% during mid-day trading on Tuesday, hitting $7.63. The stock had a trading volume of 140,964 shares. FormFactor has a 52 week low of $4.99 and a 52 week high of $8.50. The stock’s 50-day moving average is $7.16 and its 200-day moving average is $6.8. The company’s market cap is $430.2 million.
FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 30th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.02. The company had revenue of $67.40 million for the quarter, compared to the consensus estimate of $66.04 million. During the same quarter last year, the company posted ($0.01) earnings per share. FormFactor’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that FormFactor will post $0.15 EPS for the current fiscal year.
FORM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of FormFactor in a research note on Friday, August 1st. They now have a $7.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of FormFactor in a research note on Friday, July 25th. They now have a $10.00 price target on the stock, up previously from $9.00. Finally, analysts at B. Riley raised their price target on shares of FormFactor to $10.00 in a research note on Friday, June 13th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. FormFactor presently has a consensus rating of “Buy” and a consensus price target of $8.65.
FormFactor, Inc designs, develops, manufactures, sells and supports precision, semiconductor wafer probe card products and solutions.
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