FormFactor (FORM) Now Covered by Northland Securities

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.

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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.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The company had revenue of $131.90 million for the quarter, compared to the consensus estimate of $129.98 million. FormFactor had a return on equity of 16.81% and a net margin of 7.46%. equities research analysts predict that FormFactor will post 1.02 earnings per share for the current fiscal year.

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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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.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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