FormFactor (NASDAQ:FORM) Price Target Increased to $53.00 by Analysts at Needham & Company LLC

FormFactor (NASDAQ:FORM) had its target price upped by Needham & Company LLC from $46.00 to $53.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus raised their target price on FormFactor from $36.00 to $42.00 and gave the stock a hold rating in a research report on Tuesday, April 30th. TD Cowen lifted their price objective on FormFactor from $37.00 to $48.00 and gave the company a hold rating in a report on Thursday. Evercore ISI started coverage on shares of FormFactor in a report on Tuesday, April 16th. They issued an in-line rating and a $50.00 target price on the stock. StockNews.com downgraded shares of FormFactor from a buy rating to a hold rating in a report on Friday, April 19th. Finally, TheStreet raised shares of FormFactor from a c rating to a b- rating in a research note on Thursday, February 8th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $47.30.

FormFactor Price Performance

NASDAQ:FORM opened at $54.00 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51. The company has a 50-day moving average of $44.33 and a 200-day moving average of $40.63. FormFactor has a 52 week low of $24.88 and a 52 week high of $54.27. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 40.91 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. As a group, equities research analysts anticipate that FormFactor will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the sale, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now 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 SEC, which can be accessed through this link. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the completion of the transaction, the chief executive officer now owns 495,781 shares in the company, valued at $22,776,179.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,000 shares of company stock valued at $1,398,580. Insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently added to or reduced their stakes in FORM. Riverview Trust Co acquired a new stake in shares of FormFactor during the 1st quarter worth approximately $28,000. GAMMA Investing LLC bought a new position in shares of FormFactor in the 4th quarter worth $55,000. Quadrant Capital Group LLC grew its stake in shares of FormFactor by 19.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in FormFactor in the third quarter valued at about $70,000. Finally, Mackenzie Financial Corp acquired a new position in FormFactor in the fourth quarter valued at about $202,000. 98.76% of the stock is 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.