FormFactor (NASDAQ:FORM) Given Hold Rating at Needham & Company LLC

FormFactor (NASDAQ:FORM)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports.

A number of other analysts have also weighed in on the stock. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $51.00 in a research report on Monday, January 6th. TD Cowen cut their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $64.00 to $34.00 in a report on Thursday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.00.

FormFactor Price Performance

FormFactor stock opened at $41.12 on Thursday. The stock’s fifty day moving average price is $43.00 and its two-hundred day moving average price is $44.35. The firm has a market cap of $3.18 billion, a PE ratio of 23.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. FormFactor has a one year low of $37.25 and a one year high of $63.63.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.38% and a net margin of 18.29%. As a group, research analysts expect that FormFactor will post 0.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now owns 522,531 shares of the company’s stock, valued at approximately $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 12,000 shares of company stock worth $496,040. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently modified their holdings of FORM. Algert Global LLC lifted its stake in shares of FormFactor by 134.4% in the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock valued at $2,440,000 after buying an additional 30,410 shares in the last quarter. FMR LLC lifted its position in FormFactor by 1,255.5% in the 3rd quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after acquiring an additional 107,837 shares in the last quarter. Citigroup Inc. boosted its stake in FormFactor by 59.4% during the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock valued at $4,867,000 after purchasing an additional 39,419 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in FormFactor by 14.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after purchasing an additional 972 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of FormFactor in the third quarter worth approximately $818,000. 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.