Northland Securities started coverage on shares of FormFactor (NASDAQ:FORM) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued an outperform rating and a $21.00 price objective on the semiconductor company’s stock.
FORM has been the topic of several other reports. BidaskClub lowered shares of FormFactor from a strong-buy rating to a buy rating in a research note on Tuesday, March 27th. TheStreet downgraded shares of FormFactor from a b- rating to a c+ rating in a report on Tuesday, February 27th. Zacks Investment Research upgraded shares of FormFactor from a strong sell rating to a hold rating in a report on Monday, April 2nd. Citigroup lowered their price objective on shares of FormFactor from $16.00 to $14.00 and set a neutral rating on the stock in a report on Friday, February 9th. Finally, B. Riley restated a buy rating and set a $20.00 price objective (down previously from $22.00) on shares of FormFactor in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $18.43.
Shares of NASDAQ FORM opened at $13.15 on Tuesday. The firm has a market cap of $1,008.69, a P/E ratio of 13.65, a P/E/G ratio of 0.84 and a beta of 1.34. FormFactor has a 12-month low of $10.45 and a 12-month high of $18.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.58 and a current ratio of 3.32.
In other FormFactor news, CFO Michael M. Ludwig sold 45,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $13.05, for a total transaction of $587,250.00. Following the transaction, the chief financial officer now owns 242,887 shares in the company, valued at $3,169,675.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 20,867 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $13.58, for a total transaction of $283,373.86. Following the transaction, the director now owns 61,533 shares in the company, valued at approximately $835,618.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,431 shares of company stock worth $1,286,460. Corporate insiders own 2.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Algert Global LLC raised its holdings in shares of FormFactor by 26.7% in the third quarter. Algert Global LLC now owns 199,305 shares of the semiconductor company’s stock valued at $3,358,000 after purchasing an additional 42,022 shares during the last quarter. Opus Capital Group LLC purchased a new stake in shares of FormFactor in the fourth quarter valued at about $2,595,000. Fisher Asset Management LLC raised its holdings in shares of FormFactor by 5.8% in the fourth quarter. Fisher Asset Management LLC now owns 431,765 shares of the semiconductor company’s stock valued at $6,757,000 after purchasing an additional 23,851 shares during the last quarter. Swiss National Bank raised its holdings in shares of FormFactor by 4.7% in the fourth quarter. Swiss National Bank now owns 123,500 shares of the semiconductor company’s stock valued at $1,933,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of FormFactor in the fourth quarter valued at about $252,000. Institutional investors own 87.17% of the company’s stock.
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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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