FormFactor (FORM) Getting Somewhat Favorable Media Coverage, Report Finds

Media headlines about FormFactor (NASDAQ:FORM) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FormFactor earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.506529323946 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of FormFactor (FORM) opened at $15.40 on Thursday. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. FormFactor has a 12 month low of $10.45 and a 12 month high of $18.65. The stock has a market capitalization of $1,098.41, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.46.

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

Several equities research analysts recently commented on FORM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of FormFactor in a research report on Friday, October 27th. B. Riley raised their target price on FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Citigroup raised their target price on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. DA Davidson reaffirmed a “buy” rating and set a $20.00 price objective on shares of FormFactor in a research report on Thursday, August 31st. Finally, 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 research note on Wednesday, August 9th. Two 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. The company has a consensus rating of “Buy” and a consensus target price of $18.06.

In related news, Director Richard Delateur sold 15,000 shares of FormFactor stock in a transaction on Tuesday, November 7th. The stock was 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 directly owns 25,000 shares in the company, valued at $442,250. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael M. Ludwig sold 16,845 shares of FormFactor stock in a transaction on Monday, November 13th. The shares were sold at an average price of $17.50, for a total value 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 disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for FormFactor (NASDAQ:FORM)

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