A number of other equities analysts also recently issued reports on FORM. Zacks Investment Research raised shares of FormFactor from a sell rating to a hold rating in a research note on Wednesday, February 13th. Needham & Company LLC began coverage on shares of FormFactor in a research note on Monday. They issued a buy rating and a $19.00 price target for the company. Northland Securities downgraded shares of FormFactor from an outperform rating to a market perform rating and increased their price target for the stock from $16.50 to $18.00 in a research note on Thursday, May 2nd. Finally, DA Davidson increased their price target on shares of FormFactor to $21.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. FormFactor currently has an average rating of Hold and a consensus target price of $18.17.
Shares of NASDAQ:FORM opened at $15.17 on Tuesday. The stock has a market cap of $1.11 billion, a PE ratio of 19.06, a PEG ratio of 1.91 and a beta of 1.79. The company has a quick ratio of 2.54, a current ratio of 3.36 and a debt-to-equity ratio of 0.09. FormFactor has a 12 month low of $11.38 and a 12 month high of $19.27.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $132.21 million during the quarter, compared to the consensus estimate of $130.37 million. FormFactor had a net margin of 19.76% and a return on equity of 11.06%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts anticipate that FormFactor will post 0.65 earnings per share for the current year.
In related news, Director Raymond A. Link sold 4,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $15.58, for a total value of $62,320.00. Following the completion of the transaction, the director now directly owns 49,602 shares of the company’s stock, valued at $772,799.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.88% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in FormFactor by 22.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,120 shares of the semiconductor company’s stock worth $72,000 after buying an additional 924 shares in the last quarter. Advisor Group Inc. grew its holdings in FormFactor by 28.0% in the fourth quarter. Advisor Group Inc. now owns 6,311 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 1,381 shares during the period. NumerixS Investment Technologies Inc grew its holdings in FormFactor by 725.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 6,600 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 5,800 shares during the period. Flinton Capital Management LLC grew its holdings in FormFactor by 15.4% in the fourth quarter. Flinton Capital Management LLC now owns 8,640 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 1,152 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in FormFactor in the fourth quarter worth about $142,000. 93.27% of the stock is owned by institutional investors.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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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