Craig Hallum Downgrades FormFactor (FORM) to Hold

FormFactor (NASDAQ:FORM) was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Thursday, The Fly reports.

A number of other research analysts also recently issued reports on FORM. BidaskClub downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. ValuEngine upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Zacks Investment Research reiterated a “sell” rating on shares of FormFactor in a research note on Tuesday, November 13th. Finally, Sidoti downgraded shares of FormFactor from a “buy” rating to a “neutral” rating in a research note on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.10.

Shares of FormFactor stock opened at $15.28 on Thursday. FormFactor has a 52-week low of $11.10 and a 52-week high of $16.83. The company has a quick ratio of 2.35, a current ratio of 3.13 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.13 billion, a P/E ratio of 15.28, a PEG ratio of 1.37 and a beta of 1.66.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, February 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. FormFactor had a net margin of 4.71% and a return on equity of 11.42%. The company had revenue of $140.90 million during the quarter, compared to the consensus estimate of $135.93 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate that FormFactor will post 0.75 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in shares of FormFactor by 3.1% during the 4th quarter. State of Alaska Department of Revenue now owns 24,780 shares of the semiconductor company’s stock worth $349,000 after buying an additional 750 shares during the last quarter. Csenge Advisory Group purchased a new stake in shares of FormFactor during the 3rd quarter worth approximately $25,000. Pacer Advisors Inc. lifted its position in shares of FormFactor by 162.3% during the 3rd quarter. Pacer Advisors Inc. now owns 9,680 shares of the semiconductor company’s stock worth $133,000 after buying an additional 5,990 shares during the last quarter. IndexIQ Advisors LLC lifted its position in shares of FormFactor by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 166,538 shares of the semiconductor company’s stock worth $2,290,000 after buying an additional 6,289 shares during the last quarter. Finally, First Quadrant L P CA purchased a new stake in shares of FormFactor during the 4th quarter worth approximately $90,000. Institutional investors own 95.81% of the company’s stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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