FormFactor, Inc. (FORM) Earns Buy Rating from B. Riley

FormFactor, Inc. (NASDAQ:FORM)‘s stock had its “buy” rating reissued by stock analysts at B. Riley in a report issued on Thursday, November 2nd. They currently have a $22.00 price objective on the semiconductor company’s stock, up from their previous price objective of $20.00. B. Riley’s price objective points to a potential upside of 27.91% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Citigroup Inc. lifted their price target on FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of FormFactor in a report on Friday, October 27th. DA Davidson reissued a “buy” rating and set a $20.00 target price on shares of FormFactor in a report on Thursday, August 31st. Zacks Investment Research raised FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Wednesday, August 9th. Finally, BidaskClub raised FormFactor from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.06.

Shares of FormFactor (FORM) opened at $17.20 on Thursday. FormFactor has a 52-week low of $10.15 and a 52-week high of $18.65. The stock has a market capitalization of $1,237.08, a PE ratio of 17.30, a PEG ratio of 1.01 and a beta of 1.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16.

FormFactor (NASDAQ:FORM) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The company had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same period in the previous year, the firm posted $0.22 earnings per share. FormFactor’s quarterly revenue was up 16.6% compared to the same quarter last year. research analysts predict that FormFactor will post 1.04 EPS for the current year.

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In other news, CFO Michael M. Ludwig sold 16,845 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the transaction, the chief financial officer now owns 241,132 shares of the company’s stock, valued at $4,219,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael W. Zellner sold 3,725 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $15.26, for a total transaction of $56,843.50. Following 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 90 days, insiders have sold 35,570 shares of company stock worth $616,981. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FORM. Pinnacle Associates Ltd. increased its stake in FormFactor by 84.8% in the second quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock valued at $24,816,000 after acquiring an additional 918,160 shares during the period. Paradigm Capital Management Inc. NY bought a new stake in FormFactor during the third quarter worth about $11,148,000. Teachers Advisors LLC grew its stake in FormFactor by 449.9% during the second quarter. Teachers Advisors LLC now owns 645,559 shares of the semiconductor company’s stock worth $8,005,000 after buying an additional 528,164 shares during the last quarter. Russell Investments Group Ltd. grew its stake in FormFactor by 107.0% during the second quarter. Russell Investments Group Ltd. now owns 840,529 shares of the semiconductor company’s stock worth $10,421,000 after buying an additional 434,494 shares during the last quarter. Finally, Monarch Partners Asset Management LLC grew its stake in FormFactor by 225.6% during the second quarter. Monarch Partners Asset Management LLC now owns 589,571 shares of the semiconductor company’s stock worth $7,311,000 after buying an additional 408,495 shares during the last quarter. 82.05% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Company Profile

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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