Shares of FormFactor Inc. (NASDAQ:FORM) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.60.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Citigroup Inc. lifted their price objective on FormFactor from $8.25 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. TheStreet upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. B. Riley reiterated a “buy” rating and set a $13.00 price objective on shares of FormFactor in a research note on Wednesday, August 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $13.00 price objective (up previously from $11.00) on shares of FormFactor in a research note on Wednesday, August 3rd.
In related news, Director Dennis Thomas St sold 23,120 shares of FormFactor stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $10.51, for a total value of $242,991.20. Following the sale, the director now directly owns 164,933 shares in the company, valued at approximately $1,733,445.83. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Delateur sold 10,000 shares of FormFactor stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $10.74, for a total value of $107,400.00. Following the completion of the sale, the director now owns 22,000 shares in the company, valued at $236,280. The disclosure for this sale can be found here. 2.84% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in FormFactor by 11.5% in the second quarter. Legal & General Group Plc now owns 11,805 shares of the company’s stock valued at $105,000 after buying an additional 1,222 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in FormFactor during the first quarter valued at about $106,000. BlackRock Inc. boosted its stake in FormFactor by 220.5% in the second quarter. BlackRock Inc. now owns 12,295 shares of the company’s stock valued at $110,000 after buying an additional 8,459 shares during the last quarter. CNH Partners LLC purchased a new stake in FormFactor during the second quarter valued at about $136,000. Finally, Stevens Capital Management LP purchased a new stake in FormFactor during the second quarter valued at about $165,000. Institutional investors own 89.46% of the company’s stock.
Shares of FormFactor (NASDAQ:FORM) opened at 10.43 on Thursday. The company has a 50 day moving average price of $10.33 and a 200-day moving average price of $8.90. The stock has a market capitalization of $735.99 million, a P/E ratio of 30.95 and a beta of 0.95. FormFactor has a 52-week low of $6.15 and a 52-week high of $11.19.
FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The business earned $83.10 million during the quarter, compared to analyst estimates of $78.23 million. FormFactor had a return on equity of 0.11% and a net margin of 7.27%. The company’s revenue was up 55.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. On average, analysts predict that FormFactor will post $0.45 earnings per share for the current fiscal year.
FormFactor, Inc designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is a supplier of probe cards to the manufacturers of dynamic random-access memory (DRAM), flash memory devices, microprocessor, chipset and other system on chip (SoC) devices. Semiconductor manufacturers use its probe cards to perform wafer test, which is the testing of the semiconductor die, or chips.
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