FormFactor (FORM) Upgraded to Hold by BidaskClub

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FormFactor (NASDAQ:FORM) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also commented on FORM. ValuEngine raised shares of FormFactor from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Sidoti downgraded shares of FormFactor from a “buy” rating to a “neutral” rating in a research report on Monday, December 3rd. Zacks Investment Research downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Craig Hallum downgraded shares of FormFactor from a “buy” rating to a “hold” rating and upped their target price for the company from $16.00 to $17.00 in a research report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. FormFactor currently has a consensus rating of “Hold” and an average price target of $17.08.

Shares of NASDAQ:FORM opened at $16.37 on Friday. FormFactor has a 12 month low of $11.10 and a 12 month high of $16.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.54 and a current ratio of 3.30. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.93 and a beta of 1.64.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 6th. The semiconductor company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. FormFactor had a net margin of 19.64% and a return on equity of 11.59%. The firm had revenue of $140.90 million for the quarter, compared to analyst estimates of $135.93 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 6.8% on a year-over-year basis. Analysts expect that FormFactor will post 0.69 earnings per share for the current fiscal year.

In related news, Director Dennis Thomas St sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $15.99, for a total value of $127,920.00. Following the sale, the director now directly owns 45,000 shares in the company, valued at approximately $719,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelley Steven-Waiss sold 7,000 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $15.50, for a total transaction of $108,500.00. Following the completion of the sale, the director now owns 12,000 shares in the company, valued at $186,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,200 shares of company stock worth $254,924. Corporate insiders own 1.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc raised its position in shares of FormFactor by 8.7% in the 3rd quarter. Vanguard Group Inc now owns 7,472,866 shares of the semiconductor company’s stock valued at $102,751,000 after acquiring an additional 600,660 shares during the period. Texas Permanent School Fund raised its position in shares of FormFactor by 4.3% in the 4th quarter. Texas Permanent School Fund now owns 48,491 shares of the semiconductor company’s stock valued at $683,000 after acquiring an additional 2,017 shares during the period. Peregrine Capital Management LLC raised its position in shares of FormFactor by 6.7% in the 4th quarter. Peregrine Capital Management LLC now owns 1,761,303 shares of the semiconductor company’s stock valued at $24,817,000 after acquiring an additional 110,082 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of FormFactor in the 4th quarter valued at approximately $328,000. Finally, Investment Counselors of Maryland LLC raised its position in shares of FormFactor by 2.0% in the 4th quarter. Investment Counselors of Maryland LLC now owns 1,169,528 shares of the semiconductor company’s stock valued at $16,479,000 after acquiring an additional 22,701 shares during the period. Institutional investors and hedge funds own 93.80% 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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Analyst Recommendations for FormFactor (NASDAQ:FORM)

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