FormFactor (NASDAQ:FORM) Now Covered by Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of FormFactor (NASDAQ:FORM) in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage issued an in-line rating and a $50.00 price objective on the semiconductor company’s stock.

A number of other brokerages have also issued reports on FORM. Needham & Company LLC restated a buy rating and set a $46.00 price target on shares of FormFactor in a research note on Thursday, February 8th. TD Cowen raised their target price on FormFactor from $33.00 to $37.00 and gave the stock a market perform rating in a research note on Thursday, February 8th. StockNews.com upgraded FormFactor from a hold rating to a buy rating in a research note on Thursday, April 11th. Finally, TheStreet raised FormFactor from a c rating to a b- rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, FormFactor currently has a consensus rating of Hold and an average price target of $42.56.

FormFactor Stock Down 3.2 %

FormFactor stock opened at $40.76 on Tuesday. FormFactor has a 1-year low of $24.88 and a 1-year high of $47.94. The business has a fifty day moving average price of $43.57 and a 200-day moving average price of $39.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 38.45 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $165.49 million. Equities research analysts forecast that FormFactor will post 0.63 EPS for the current fiscal year.

Insider Transactions at FormFactor

In related news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of 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 SEC, which can be accessed through this hyperlink. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.94, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following 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. Insiders have sold 28,000 shares of company stock worth $1,223,580 over the last quarter. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of FormFactor by 5.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 338,999 shares of the semiconductor company’s stock valued at $15,469,000 after buying an additional 18,375 shares in the last quarter. Mirador Capital Partners LP lifted its holdings in FormFactor by 2.7% during the first quarter. Mirador Capital Partners LP now owns 131,761 shares of the semiconductor company’s stock valued at $6,012,000 after purchasing an additional 3,436 shares in the last quarter. Ausbil Investment Management Ltd grew its position in shares of FormFactor by 79.6% in the first quarter. Ausbil Investment Management Ltd now owns 8,938 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 3,961 shares during the period. Riverview Trust Co purchased a new stake in shares of FormFactor during the first quarter worth about $28,000. Finally, GAMMA Investing LLC raised its position in shares of FormFactor by 30.4% during the 1st quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Company Profile

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.