FormFactor (NASDAQ:FORM) was upgraded by equities researchers at Needham & Company LLC from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Other analysts have also issued research reports about the stock. B. Riley lifted their target price on shares of FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. DA Davidson reiterated a “buy” rating and issued a $20.00 target price on shares of FormFactor in a research report on Thursday, August 31st. Finally, Citigroup lifted their target price on shares of FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. FormFactor presently has a consensus rating of “Buy” and a consensus price target of $18.06.

FormFactor (FORM) traded up $0.10 during mid-day trading on Thursday, reaching $14.95. 380,900 shares of the company traded hands, compared to its average volume of 682,508. The firm has a market capitalization of $1,083.82, a price-to-earnings ratio of 15.15, a PEG ratio of 0.89 and a beta of 1.46. The company has a current ratio of 3.16, a quick ratio of 2.45 and a debt-to-equity ratio of 0.20. FormFactor has a 52 week low of $10.45 and a 52 week high of $18.65.

FormFactor (NASDAQ:FORM) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The business had revenue of $143.74 million for the quarter, compared to analyst estimates of $140.83 million. During the same quarter last year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. research analysts predict that FormFactor will post 1.04 EPS for the current year.

In related news, CFO Michael M. Ludwig sold 16,845 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the transaction, the chief financial officer now directly owns 241,132 shares in the company, valued at $4,219,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Delateur sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the transaction, the director now owns 25,000 shares in the company, valued at $442,250. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in FormFactor by 8,988.5% during the second quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock worth $1,708,000 after purchasing an additional 136,266 shares during the period. Schwab Charles Investment Management Inc. raised its stake in FormFactor by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock worth $4,154,000 after purchasing an additional 20,777 shares during the period. State of Wisconsin Investment Board raised its stake in FormFactor by 4.3% during the third quarter. State of Wisconsin Investment Board now owns 600,000 shares of the semiconductor company’s stock worth $10,110,000 after purchasing an additional 25,000 shares during the period. Vanguard Group Inc. raised its stake in FormFactor by 4.4% during the second quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after purchasing an additional 253,323 shares during the period. Finally, Comerica Bank purchased a new position in FormFactor during the second quarter worth about $1,010,000. Hedge funds and other institutional investors own 84.44% of the company’s stock.

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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.

The Fly

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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