FormFactor (NASDAQ:FORM) Price Target Increased to $42.00 by Analysts at Stifel Nicolaus

FormFactor (NASDAQ:FORM) had its target price lifted by Stifel Nicolaus from $36.00 to $42.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

FORM has been the subject of a number of other reports. TD Cowen raised their price target on shares of FormFactor from $33.00 to $37.00 and gave the company a market perform rating in a report on Thursday, February 8th. Evercore ISI assumed coverage on FormFactor in a research note on Tuesday, April 16th. They set an in-line rating and a $50.00 target price for the company. StockNews.com lowered shares of FormFactor from a buy rating to a hold rating in a research note on Friday, April 19th. TheStreet upgraded shares of FormFactor from a c rating to a b- rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reissued a buy rating and set a $46.00 price objective on shares of FormFactor in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, FormFactor currently has an average rating of Hold and a consensus price target of $43.33.

FormFactor Trading Down 2.1 %

NASDAQ:FORM opened at $44.59 on Tuesday. The business’s 50-day moving average is $43.70 and its two-hundred day moving average is $40.26. The firm has a market capitalization of $3.45 billion, a PE ratio of 42.09 and a beta of 1.18. FormFactor has a 12 month low of $24.88 and a 12 month high of $47.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52.

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

Insiders Place Their Bets

In other news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the transaction, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at approximately $22,776,179.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now owns 67,141 shares in the company, valued at $2,827,978.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,000 shares of company stock valued at $1,223,580. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in FormFactor during the 1st quarter valued at about $28,000. GAMMA Investing LLC acquired a new position in shares of FormFactor during the fourth quarter worth approximately $55,000. Quadrant Capital Group LLC grew its holdings in FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after buying an additional 260 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in FormFactor in the 3rd quarter worth approximately $70,000. Finally, CWM LLC increased its position in FormFactor by 124.3% in the 3rd quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 1,530 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

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.