FormFactor (NASDAQ:FORM) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of FormFactor (NASDAQ:FORM) from a buy rating to a hold rating in a research note released on Friday.

FORM has been the topic of a number of other research reports. Needham & Company LLC reissued a buy rating and issued a $46.00 target price on shares of FormFactor in a research report on Thursday, February 8th. TD Cowen lifted their target price on FormFactor from $33.00 to $37.00 and gave the company a market perform rating in a research report on Thursday, February 8th. Evercore ISI began coverage on FormFactor in a research report on Tuesday. They issued an in-line rating and a $50.00 target price on the stock. Finally, TheStreet upgraded FormFactor from a c rating to a b- rating in a research note on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, FormFactor presently has a consensus rating of Hold and an average price target of $42.56.

FormFactor Trading Down 3.2 %

NASDAQ FORM opened at $40.76 on Friday. The firm has a market cap of $3.16 billion, a P/E ratio of 38.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. The stock’s 50-day moving average is $43.57 and its 200-day moving average is $39.82. FormFactor has a one year low of $24.88 and a one year high of $47.94.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The business had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. Sell-side analysts anticipate that FormFactor will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at FormFactor

In other news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred 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. In the last three months, insiders sold 28,000 shares of company stock worth $1,223,580. 0.96% of the stock is owned by company insiders.

Institutional Trading of FormFactor

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in FormFactor by 5.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 338,999 shares of the semiconductor company’s stock valued at $15,469,000 after purchasing an additional 18,375 shares during the period. Mirador Capital Partners LP boosted its stake in FormFactor by 2.7% in the 1st quarter. Mirador Capital Partners LP now owns 131,761 shares of the semiconductor company’s stock valued at $6,012,000 after purchasing an additional 3,436 shares during the period. Ausbil Investment Management Ltd boosted its stake in FormFactor by 79.6% in the 1st quarter. Ausbil Investment Management Ltd now owns 8,938 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 3,961 shares during the period. Riverview Trust Co bought a new stake in FormFactor in the 1st quarter valued at $28,000. Finally, GAMMA Investing LLC boosted its stake in FormFactor by 30.4% in the 1st quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 434 shares during the period. 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.