FormFactor, Inc. (NASDAQ:FORM) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the company. B. Riley restated a “buy” rating and issued a $17.00 target price on shares of FormFactor in a research report on Saturday, July 1st. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of FormFactor in a research report on Monday, May 1st. TheStreet upgraded FormFactor from a “c+” rating to a “b-” rating in a research report on Thursday, May 11th. Citigroup Inc. restated a “neutral” rating and issued a $15.00 target price (up previously from $13.50) on shares of FormFactor in a research report on Monday, June 5th. Finally, Sidoti restated a “buy” rating and issued a $18.00 target price (up previously from $15.00) on shares of FormFactor in a research report on Wednesday, June 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.75.

Shares of FormFactor (NASDAQ:FORM) traded up 0.79% during mid-day trading on Thursday, hitting $12.80. The stock had a trading volume of 372,718 shares. The stock has a market cap of $923.15 million, a P/E ratio of 60.95 and a beta of 1.60. FormFactor has a one year low of $8.55 and a one year high of $15.58. The firm has a 50 day moving average of $13.82 and a 200-day moving average of $12.17.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, May 3rd. The semiconductor company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $128.80 million for the quarter, compared to the consensus estimate of $124.07 million. FormFactor had a return on equity of 11.02% and a net margin of 2.71%. The business’s quarterly revenue was up 140.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) earnings per share. Equities research analysts expect that FormFactor will post $1.02 earnings per share for the current fiscal year.

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In related news, Director Richard Delateur sold 80,000 shares of FormFactor stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $13.80, for a total transaction of $1,104,000.00. Following the transaction, the director now owns 90,000 shares in the company, valued at $1,242,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 285,333 shares of FormFactor 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 owns 40,666 shares in the company, valued at approximately $594,130.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 479,083 shares of company stock worth $6,853,928. 2.84% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in FormFactor by 1,415.9% in the first quarter. Victory Capital Management Inc. now owns 2,003,210 shares of the semiconductor company’s stock worth $23,738,000 after buying an additional 1,871,060 shares in the last quarter. Pinnacle Associates Ltd. acquired a new stake in FormFactor during the first quarter worth approximately $12,835,000. Norges Bank acquired a new stake in FormFactor during the fourth quarter worth approximately $8,524,000. Bank of Montreal Can increased its stake in FormFactor by 1,792.9% in the second quarter. Bank of Montreal Can now owns 366,799 shares of the semiconductor company’s stock worth $4,548,000 after buying an additional 347,421 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in FormFactor by 79.9% in the first quarter. Kennedy Capital Management Inc. now owns 597,655 shares of the semiconductor company’s stock worth $7,082,000 after buying an additional 265,415 shares in the last quarter. Hedge funds and other institutional investors own 87.79% of the company’s stock.

FormFactor Company Profile

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.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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