FormFactor (FORM) Stock Rating Reaffirmed by B. Riley

FormFactor (NASDAQ:FORM)‘s stock had its “buy” rating reaffirmed by analysts at B. Riley in a research note issued on Monday, MarketBeat reports. They presently have a $20.00 price target on the semiconductor company’s stock, down from their prior price target of $22.00. B. Riley’s price objective indicates a potential upside of 34.50% from the stock’s previous close.

Several other research analysts have also recently commented on FORM. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of FormFactor in a report on Friday, October 27th. Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Finally, Citigroup upped their price target on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $18.06.

Shares of FormFactor (NASDAQ FORM) traded down $0.33 on Monday, reaching $14.87. 231,577 shares of the company traded hands, compared to its average volume of 642,129. FormFactor has a fifty-two week low of $10.45 and a fifty-two week high of $18.65. The firm has a market capitalization of $1,109.36, a PE ratio of 58.46, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FORM. Paradigm Capital Management Inc. NY bought a new stake in FormFactor during the third quarter worth $11,148,000. Peregrine Capital Management LLC raised its position in shares of FormFactor by 32.8% in the fourth quarter. Peregrine Capital Management LLC now owns 2,504,269 shares of the semiconductor company’s stock valued at $39,192,000 after purchasing an additional 618,775 shares during the period. Teachers Advisors LLC raised its position in shares of FormFactor by 449.9% in the second quarter. Teachers Advisors LLC now owns 645,559 shares of the semiconductor company’s stock valued at $8,005,000 after purchasing an additional 528,164 shares during the period. Boston Advisors LLC bought a new position in shares of FormFactor in the fourth quarter valued at about $5,028,000. Finally, American Century Companies Inc. bought a new position in shares of FormFactor in the third quarter valued at about $4,706,000. 81.87% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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