FormFactor (NASDAQ:FORM) Hits New 52-Week High on Analyst Upgrade

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) reached a new 52-week high during trading on Thursday after B. Riley raised their price target on the stock from $52.00 to $54.00. B. Riley currently has a buy rating on the stock. FormFactor traded as high as $50.92 and last traded at $50.31, with a volume of 269844 shares trading hands. The stock had previously closed at $43.99.

FORM has been the topic of several other reports. Craig Hallum raised their price target on FormFactor from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday. TheStreet upgraded FormFactor from a "c" rating to a "b-" rating in a research report on Thursday, February 8th. Needham & Company LLC raised their price target on FormFactor from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a research report on Friday, April 19th. Finally, TD Cowen raised their price target on FormFactor from $37.00 to $48.00 and gave the stock a "hold" rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $47.44.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Monday, April 1st. The stock was 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 directly owns 495,781 shares of the company's stock, valued at $22,776,179.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Mike Slessor sold 4,000 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 495,781 shares of the company's stock, valued at $22,776,179.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shai Shahar sold 10,000 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $44.51, for a total value of $445,100.00. Following the transaction, the chief financial officer now directly owns 27,591 shares of the company's stock, valued at $1,228,075.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,000 shares of company stock valued at $1,398,580. Company insiders own 0.96% of the company's stock.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently bought and sold shares of FORM. SG Americas Securities LLC bought a new stake in FormFactor during the third quarter worth about $427,000. Reinhart Partners LLC. raised its holdings in FormFactor by 2.5% during the third quarter. Reinhart Partners LLC. now owns 834,698 shares of the semiconductor company's stock worth $29,164,000 after acquiring an additional 20,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in FormFactor by 15.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,098 shares of the semiconductor company's stock worth $528,000 after acquiring an additional 1,989 shares in the last quarter. Emerald Advisers LLC raised its holdings in FormFactor by 58.3% during the third quarter. Emerald Advisers LLC now owns 481,911 shares of the semiconductor company's stock worth $16,838,000 after acquiring an additional 177,448 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in FormFactor by 98.2% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 395,440 shares of the semiconductor company's stock worth $13,817,000 after acquiring an additional 195,898 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

FormFactor Stock Up 17.6 %

The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $43.87 and a 200-day moving average of $40.37. The firm has a market cap of $4.01 billion, a P/E ratio of 47.52 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $165.49 million. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. On average, equities research analysts anticipate that FormFactor, Inc. will post 0.63 earnings per share for the current year.

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.