FormFactor, Inc. (FORM) Price Target Raised to $17.40 at Citigroup Inc.

FormFactor, Inc. (NASDAQ:FORM) had its price target upped by research analysts at Citigroup Inc. from $16.00 to $17.40 in a research note issued to investors on Thursday, November 2nd. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Citigroup Inc.’s target price indicates a potential upside of 1.16% from the stock’s current price.

Several other research analysts also recently commented on the stock. DA Davidson restated a “buy” rating and set a $20.00 target price on shares of FormFactor in a research report on Thursday, August 31st. BidaskClub cut shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of FormFactor in a research report on Tuesday, September 12th. B. Riley upped their target price on shares of FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. FormFactor presently has an average rating of “Buy” and a consensus price target of $18.06.

Shares of FormFactor (NASDAQ:FORM) opened at $17.20 on Thursday. FormFactor has a 1 year low of $10.15 and a 1 year high of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16. The stock has a market cap of $1,250.00, a price-to-earnings ratio of 16.99, a PEG ratio of 1.00 and a beta of 1.53.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The business had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 16.6% on a year-over-year basis. sell-side analysts forecast that FormFactor will post 1.04 earnings per share for the current year.

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In other FormFactor news, Director Richard Delateur sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total value of $265,350.00. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $442,250. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael W. Zellner sold 3,725 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $15.26, for a total transaction of $56,843.50. Following the completion of the transaction, the director now directly owns 63,000 shares of the company’s stock, valued at approximately $961,380. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,570 shares of company stock worth $616,981. Insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of FormFactor by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 524,908 shares of the semiconductor company’s stock worth $6,220,000 after purchasing an additional 15,769 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of FormFactor by 94.1% during the first quarter. UBS Asset Management Americas Inc. now owns 26,578 shares of the semiconductor company’s stock worth $315,000 after purchasing an additional 12,883 shares during the last quarter. American International Group Inc. raised its holdings in shares of FormFactor by 7.1% during the first quarter. American International Group Inc. now owns 42,338 shares of the semiconductor company’s stock worth $502,000 after purchasing an additional 2,806 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of FormFactor by 3.9% during the first quarter. Teachers Advisors LLC now owns 117,395 shares of the semiconductor company’s stock worth $1,391,000 after purchasing an additional 4,386 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of FormFactor by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,718,078 shares of the semiconductor company’s stock worth $67,759,000 after purchasing an additional 240,637 shares during the last quarter. 82.05% of the stock is owned by institutional investors and hedge funds.

About FormFactor

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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