B. Riley Boosts FormFactor (NASDAQ:FORM) Price Target to $54.00

FormFactor (NASDAQ:FORM) had its target price hoisted by B. Riley from $52.00 to $54.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on FORM. TheStreet raised FormFactor from a c rating to a b- rating in a report on Thursday, February 8th. StockNews.com downgraded FormFactor from a buy rating to a hold rating in a report on Friday, April 19th. Evercore ISI assumed coverage on FormFactor in a report on Tuesday, April 16th. They issued an in-line rating and a $50.00 price target for the company. Needham & Company LLC upped their target price on FormFactor from $46.00 to $53.00 and gave the stock a buy rating in a research note on Thursday. Finally, TD Cowen upped their target price on FormFactor from $37.00 to $48.00 and gave the stock a hold rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $47.30.

FormFactor Stock Up 4.3 %

Shares of FORM stock traded up $2.25 on Thursday, hitting $54.00. The stock had a trading volume of 1,045,249 shares, compared to its average volume of 505,847. The company has a quick ratio of 3.52, a current ratio of 4.51 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $44.33 and a 200 day moving average price of $40.63. The company has a market cap of $4.19 billion, a PE ratio of 40.91 and a beta of 1.15. FormFactor has a one year low of $24.88 and a one year high of $54.27.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) 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 company had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. Research analysts anticipate that FormFactor will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at approximately $2,827,978.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at approximately $2,827,978.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $173,520.00. Following the transaction, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock worth $1,398,580 in the last three months. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

A number of hedge funds have recently modified their holdings of FORM. Riverview Trust Co purchased a new position in shares of FormFactor during the 1st quarter worth $28,000. GAMMA Investing LLC purchased a new position in shares of FormFactor during the 4th quarter worth $55,000. Quadrant Capital Group LLC grew its holdings in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of FormFactor during the 3rd quarter worth $70,000. Finally, Mackenzie Financial Corp acquired a new position in FormFactor during the 4th quarter worth about $202,000. 98.76% of the stock is currently owned by hedge funds and other 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.