FormFactor (NASDAQ:FORM) Given New $48.00 Price Target at TD Cowen

FormFactor (NASDAQ:FORM) had its price objective boosted by TD Cowen from $37.00 to $48.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. TD Cowen currently has a hold rating on the semiconductor company’s stock.

FORM has been the topic of a number of other reports. Evercore ISI started coverage on shares of FormFactor in a research report on Tuesday, April 16th. They set an in-line rating and a $50.00 price target on the stock. Needham & Company LLC reiterated a buy rating and issued a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. Stifel Nicolaus boosted their price objective on FormFactor from $36.00 to $42.00 and gave the stock a hold rating in a research note on Tuesday, April 30th. TheStreet upgraded FormFactor from a c rating to a b- rating in a research note on Thursday, February 8th. Finally, StockNews.com cut FormFactor from a buy rating to a hold rating in a report on Friday, April 19th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of Hold and a consensus price target of $47.30.

FormFactor Stock Up 4.3 %

Shares of FORM opened at $54.00 on Thursday. FormFactor has a fifty-two week low of $24.88 and a fifty-two week high of $54.27. The company’s fifty day moving average is $44.33 and its two-hundred day moving average is $40.63. The firm has a market cap of $4.19 billion, a PE ratio of 40.91 and a beta of 1.15. The company has a quick ratio of 3.52, a current ratio of 4.51 and a debt-to-equity ratio of 0.01.

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, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. Analysts forecast that FormFactor will post 0.68 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other news, 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 completion of the transaction, the chief executive officer now owns 499,781 shares in the company, valued at approximately $21,680,499.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the transaction, the chief executive officer now directly owns 499,781 shares in the company, valued at approximately $21,680,499.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction dated 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 approximately $2,827,978.92. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock worth $1,398,580 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of FormFactor by 81.1% in the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after purchasing an additional 862,885 shares during the last quarter. Norges Bank acquired a new position in FormFactor in the fourth quarter worth approximately $21,454,000. TimesSquare Capital Management LLC bought a new position in shares of FormFactor in the fourth quarter valued at $15,484,000. Sora Investors LLC acquired a new stake in shares of FormFactor during the 3rd quarter valued at $7,862,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of FormFactor by 124.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 405,695 shares of the semiconductor company’s stock worth $14,175,000 after acquiring an additional 224,799 shares in the last quarter. Institutional investors and hedge funds 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.