FormFactor (NASDAQ:FORM) PT Raised to $54.00 at B. Riley

FormFactor (NASDAQ:FORM) had its price target lifted by stock analysts at B. Riley from $52.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price target suggests a potential upside of 6.93% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Craig Hallum increased their price target on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen increased their price target on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday. Stifel Nicolaus upped their price objective on FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Needham & Company LLC upped their price objective on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, FormFactor presently has an average rating of “Hold” and a consensus price target of $47.44.

FormFactor Stock Up 14.8 %

Shares of FormFactor stock traded up $6.51 on Thursday, reaching $50.50. 1,119,315 shares of the company were exchanged, compared to its average volume of 462,935. FormFactor has a one year low of $24.88 and a one year high of $50.92. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 47.52 and a beta of 1.15. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $43.87 and a 200 day moving average of $40.37.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The company had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. On average, equities research analysts forecast that FormFactor will post 0.63 earnings per share for the current year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total transaction of $445,100.00. Following the completion of the sale, the chief financial officer now directly owns 27,591 shares in the company, valued at approximately $1,228,075.41. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,000 shares of company stock valued at $1,223,580. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares during the last quarter. Arizona State Retirement System raised its position in FormFactor by 1.4% in the third quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company’s stock valued at $767,000 after purchasing an additional 298 shares during the last quarter. GAMMA Investing LLC raised its position in shares of FormFactor by 30.4% during the first quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 434 shares during the last quarter. HighTower Advisors LLC raised its position in shares of FormFactor by 3.1% during the third quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company’s stock worth $684,000 after acquiring an additional 582 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of FormFactor during the first quarter worth about $28,000. 98.76% of the stock is currently owned by institutional investors.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.