FormFactor (NASDAQ:FORM) PT Raised to $42.00 at Stifel Nicolaus

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

Other equities research analysts have also recently issued reports about the company. TheStreet upgraded FormFactor from a c rating to a b- rating in a research report on Thursday, February 8th. Evercore ISI started coverage on FormFactor in a research report on Tuesday, April 16th. They issued an in-line rating and a $50.00 price objective for the company. TD Cowen increased 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. StockNews.com lowered shares of FormFactor from a buy rating to a hold rating in a report on Friday, April 19th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $46.00 price objective on shares of FormFactor in a report on Thursday, February 8th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $47.30.

FormFactor Trading Up 4.3 %

Shares of NASDAQ:FORM opened at $54.00 on Tuesday. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. FormFactor has a 12-month low of $24.88 and a 12-month high of $54.27. The business has a 50 day moving average of $44.07 and a two-hundred day moving average of $40.44. The company has a market capitalization of $4.18 billion, a PE ratio of 40.91 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $168.16 million during the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a net margin of 15.48% and a return on equity of 2.33%. As a group, analysts forecast that FormFactor will post 0.63 EPS for the current year.

Insider Buying and Selling at FormFactor

In other news, CFO Shai Shahar sold 10,000 shares of the business’s 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 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 legal filing with the SEC, which is available at the SEC website. In other news, 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 transaction, the chief financial officer now owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,000 shares of company stock worth $1,398,580. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FORM. Wellington Management Group LLP raised its position in FormFactor by 81.1% in the fourth quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock valued at $80,387,000 after purchasing an additional 862,885 shares during the period. Norges Bank purchased a new stake in FormFactor in the 4th quarter valued at about $21,454,000. TimesSquare Capital Management LLC acquired a new position in FormFactor in the fourth quarter valued at about $15,484,000. Sora Investors LLC purchased a new position in FormFactor during the third quarter worth about $7,862,000. Finally, Envestnet Asset Management Inc. increased its position in shares of FormFactor by 124.3% during the third quarter. Envestnet Asset Management Inc. now owns 405,695 shares of the semiconductor company’s stock valued at $14,175,000 after acquiring an additional 224,799 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.