FormFactor (NASDAQ:FORM) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of FormFactor (NASDAQ:FORM) from a buy rating to a hold rating in a report issued on Friday morning.

A number of other equities analysts also recently commented on the stock. Evercore ISI assumed coverage on shares of FormFactor in a research note on Tuesday, April 16th. They issued an in-line rating and a $50.00 target price on the stock. Needham & Company LLC reiterated a buy rating and issued a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. TheStreet upgraded FormFactor from a c rating to a b- rating in a report on Thursday, February 8th. Finally, TD Cowen lifted their target price on FormFactor from $33.00 to $37.00 and gave the company a market perform rating in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $42.56.

FormFactor Price Performance

FORM opened at $40.25 on Friday. The business has a fifty day moving average of $43.53 and a 200 day moving average of $39.95. The stock has a market cap of $3.12 billion, a P/E ratio of 37.97 and a beta of 1.18. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01. FormFactor has a 52-week low of $24.88 and a 52-week high of $47.94.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. As a group, sell-side analysts anticipate that FormFactor will post 0.63 EPS for the current year.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00. Following the sale, the chief executive officer now owns 499,781 shares of the company’s stock, valued at approximately $21,680,499.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the completion of the transaction, the chief executive officer now directly owns 499,781 shares in the company, valued at $21,680,499.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the sale, the chief financial officer now directly owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $1,223,580 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Several institutional investors have recently bought and sold shares of FORM. Riverview Trust Co purchased a new stake in shares of FormFactor during the 1st quarter valued at $28,000. GAMMA Investing LLC acquired a new position in FormFactor during the 4th quarter valued at about $55,000. Quadrant Capital Group LLC raised its stake 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 buying an additional 260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in FormFactor in the third quarter worth about $70,000. Finally, CWM LLC boosted its holdings in FormFactor by 124.3% in the third quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 1,530 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.