FormFactor (NASDAQ:FORM) PT Raised to $60.00

FormFactor (NASDAQ:FORM) had its price objective lifted by Craig Hallum from $50.00 to $60.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research firms also recently issued reports on FORM. Stifel Nicolaus increased their price objective on FormFactor from $36.00 to $42.00 and gave the stock a hold rating in a report on Tuesday. TD Cowen lifted their price target on shares of FormFactor from $37.00 to $48.00 and gave the company a hold rating in a research report on Thursday. Evercore ISI started coverage on FormFactor in a report on Tuesday, April 16th. They issued an in-line rating and a $50.00 target price on the stock. TheStreet upgraded shares of FormFactor from a c rating to a b- rating in a research note on Thursday, February 8th. Finally, StockNews.com downgraded shares of FormFactor from a buy rating to a hold rating in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $47.30.

FormFactor Trading Up 4.3 %

Shares of FORM traded up $2.25 during trading hours on Thursday, reaching $54.00. 1,045,249 shares of the company traded hands, compared to its average volume of 505,847. FormFactor has a 12 month low of $24.88 and a 12 month high of $54.27. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 40.91 and a beta of 1.15. The company’s fifty day moving average price is $44.33 and its two-hundred day moving average price is $40.58. The company has a quick ratio of 3.52, a current ratio of 4.51 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The business had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. Equities research analysts predict that FormFactor will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the transaction, the chief financial officer now directly owns 67,141 shares in the company, valued at $2,827,978.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the transaction, the chief executive officer now owns 495,781 shares in the company, valued at $22,776,179.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now owns 67,141 shares in the company, valued at $2,827,978.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,000 shares of company stock valued at $1,398,580. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in FormFactor in the 3rd quarter worth approximately $427,000. Reinhart Partners LLC. grew its stake in shares of FormFactor by 2.5% in the 3rd quarter. Reinhart Partners LLC. now owns 834,698 shares of the semiconductor company’s stock worth $29,164,000 after buying an additional 20,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of FormFactor by 15.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,098 shares of the semiconductor company’s stock valued at $528,000 after buying an additional 1,989 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of FormFactor by 58.3% in the 3rd quarter. Emerald Advisers LLC now owns 481,911 shares of the semiconductor company’s stock valued at $16,838,000 after acquiring an additional 177,448 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its position in FormFactor by 98.2% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 395,440 shares of the semiconductor company’s stock worth $13,817,000 after acquiring an additional 195,898 shares in the last quarter. 98.76% of the stock is 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.