FormFactor, Inc. (NASDAQ:FORM)‘s stock had its “buy” rating reissued by Sidoti in a report issued on Wednesday. They currently have a $18.00 price target on the semiconductor company’s stock, up from their prior price target of $15.00. Sidoti’s price objective suggests a potential upside of 30.91% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on FORM. B. Riley reiterated a “buy” rating and issued a $17.00 price objective on shares of FormFactor in a research note on Thursday, May 4th. ValuEngine upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. reiterated a “neutral” rating and issued a $15.00 price objective (up previously from $13.50) on shares of FormFactor in a research note on Monday, June 5th. TheStreet cut FormFactor from a “b-” rating to a “c+” rating in a research note on Friday, February 24th. Finally, Zacks Investment Research upgraded FormFactor from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, February 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.63.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

FormFactor (NASDAQ:FORM) traded down 0.36% during trading on Wednesday, hitting $13.75. 752,670 shares of the stock traded hands. FormFactor has a 52-week low of $7.83 and a 52-week high of $15.58. The stock has a market cap of $991.66 million, a P/E ratio of 75.55 and a beta of 1.59. The stock has a 50 day moving average price of $13.63 and a 200-day moving average price of $12.00.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. FormFactor had a return on equity of 11.02% and a net margin of 2.71%. The company had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $124.07 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 140.3% on a year-over-year basis. On average, analysts anticipate that FormFactor will post $1.02 EPS for the current fiscal year.

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In related news, Director Dennis Thomas St sold 285,333 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $14.61, for a total transaction of $4,168,715.13. Following the transaction, the director now owns 40,666 shares of the company’s stock, valued at $594,130.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Delateur sold 80,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $13.80, for a total value of $1,104,000.00. Following the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $1,242,000. The disclosure for this sale can be found here. In the last three months, insiders sold 478,683 shares of company stock worth $6,848,356. Corporate insiders own 2.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FORM. Shinko Asset Management Co. Ltd. raised its position in shares of FormFactor by 28.4% in the fourth quarter. Shinko Asset Management Co. Ltd. now owns 379,680 shares of the semiconductor company’s stock worth $3,417,000 after buying an additional 84,018 shares in the last quarter. Tygh Capital Management Inc. raised its position in shares of FormFactor by 2.3% in the fourth quarter. Tygh Capital Management Inc. now owns 583,599 shares of the semiconductor company’s stock worth $5,252,000 after buying an additional 13,385 shares in the last quarter. James Investment Research Inc. raised its position in shares of FormFactor by 2,837.4% in the fourth quarter. James Investment Research Inc. now owns 199,740 shares of the semiconductor company’s stock worth $1,798,000 after buying an additional 192,940 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in shares of FormFactor during the third quarter worth $21,554,000. Finally, Hood River Capital Management LLC raised its position in shares of FormFactor by 38.7% in the third quarter. Hood River Capital Management LLC now owns 917,166 shares of the semiconductor company’s stock worth $9,951,000 after buying an additional 255,817 shares in the last quarter. 87.80% of the stock is currently owned by hedge funds and other institutional investors.

About FormFactor

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

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