Analysts at Craig Hallum assumed coverage on shares of FormFactor Inc. (NASDAQ:FORM) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the stock.

Other equities research analysts also recently issued research reports about the stock. TheStreet upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price (up previously from $11.00) on shares of FormFactor in a research note on Wednesday, August 3rd. B. Riley restated a “buy” rating and issued a $13.00 target price on shares of FormFactor in a research note on Wednesday, August 3rd. Stifel Nicolaus upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, August 2nd. Finally, Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Thursday, June 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.80.

FormFactor (NASDAQ:FORM) opened at 9.64 on Thursday. FormFactor has a 52 week low of $6.15 and a 52 week high of $11.19. The firm has a market cap of $680.25 million, a PE ratio of 28.61 and a beta of 1.14. The stock has a 50 day moving average of $10.23 and a 200 day moving average of $8.55.

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FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $83.10 million for the quarter, compared to analyst estimates of $78.23 million. FormFactor had a net margin of 7.27% and a return on equity of 0.11%. The business’s revenue for the quarter was up 55.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. Analysts anticipate that FormFactor will post $0.47 EPS for the current year.

In other news, Director Dennis Thomas St sold 23,120 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $10.51, for a total transaction of $242,991.20. Following the completion of the transaction, the director now directly owns 164,933 shares of the company’s stock, valued at approximately $1,733,445.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Delateur sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $10.74, for a total transaction of $107,400.00. Following the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at $236,280. The disclosure for this sale can be found here. Company insiders own 2.84% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new position in shares of FormFactor during the second quarter valued at $1,935,000. Legal & General Group Plc boosted its position in shares of FormFactor by 11.5% in the second quarter. Legal & General Group Plc now owns 11,805 shares of the company’s stock valued at $105,000 after buying an additional 1,222 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of FormFactor by 16.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 47,569 shares of the company’s stock valued at $428,000 after buying an additional 6,733 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of FormFactor during the second quarter valued at $543,000. Finally, CNH Partners LLC acquired a new position in shares of FormFactor during the second quarter valued at $136,000. 89.46% of the stock is owned by institutional investors.

FormFactor Company Profile

FormFactor, Inc designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is a supplier of probe cards to the manufacturers of dynamic random-access memory (DRAM), flash memory devices, microprocessor, chipset and other system on chip (SoC) devices. Semiconductor manufacturers use its probe cards to perform wafer test, which is the testing of the semiconductor die, or chips.

5 Day Chart for NASDAQ:FORM

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