FormFactor, Inc. (NASDAQ:FORM) Given Average Rating of “Buy” by Brokerages
FormFactor, Inc. (NASDAQ:FORM) has received a consensus rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.71.
A number of research analysts have recently weighed in on the company. ValuEngine raised FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Citigroup Inc. reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.50) on shares of FormFactor in a research report on Monday, June 5th. Zacks Investment Research raised FormFactor from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Monday, May 8th. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of FormFactor in a research report on Tuesday, May 9th. Finally, Sidoti reaffirmed a “buy” rating and set a $18.00 price objective (up from $15.00) on shares of FormFactor in a research report on Wednesday, June 14th.
In related news, Director Dennis Thomas St sold 285,333 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $14.61, for a total value of $4,168,715.13. Following the transaction, the director now directly owns 40,666 shares of the company’s stock, valued at approximately $594,130.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Delateur sold 45,262 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $14.08, for a total value of $637,288.96. Following the completion of the transaction, the director now directly owns 55,262 shares in the company, valued at $778,088.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 479,083 shares of company stock worth $6,853,928. 2.84% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in FormFactor by 7.9% in the fourth quarter. State Street Corp now owns 1,263,833 shares of the semiconductor company’s stock worth $14,155,000 after buying an additional 92,544 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in FormFactor by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,274,906 shares of the semiconductor company’s stock worth $59,079,000 after buying an additional 301,607 shares in the last quarter. Norges Bank acquired a new position in FormFactor during the fourth quarter worth approximately $8,524,000. Teachers Advisors LLC boosted its position in FormFactor by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 113,009 shares of the semiconductor company’s stock worth $1,266,000 after buying an additional 2,273 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in FormFactor by 4.9% in the first quarter. Bank of Montreal Can now owns 19,378 shares of the semiconductor company’s stock worth $229,000 after buying an additional 901 shares in the last quarter. 87.79% of the stock is currently owned by institutional investors.
Shares of FormFactor (NASDAQ:FORM) opened at 12.25 on Monday. The stock has a 50 day moving average of $13.82 and a 200-day moving average of $12.17. The stock has a market capitalization of $883.48 million, a P/E ratio of 67.31 and a beta of 1.60. FormFactor has a one year low of $8.55 and a one year high of $15.58.
FormFactor (NASDAQ:FORM) last posted 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 firm had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $124.07 million. During the same period in the previous year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 140.3% on a year-over-year basis. Equities analysts forecast that FormFactor will post $1.02 earnings per share for the current year.
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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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