FormFactor (NASDAQ:FORM) PT Raised to $46.00

FormFactor (NASDAQ:FORM - Free Report) had its target price raised by Citigroup from $37.00 to $46.00 in a report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the semiconductor company's stock.

Several other research firms have also commented on FORM. Stifel Nicolaus increased their target price on FormFactor from $36.00 to $42.00 and gave the company a hold rating in a report on Tuesday. TD Cowen increased their price objective on FormFactor from $37.00 to $48.00 and gave the company a hold rating in a report on Thursday. StockNews.com lowered shares of FormFactor from a buy rating to a hold rating in a research note on Friday, April 19th. Craig Hallum increased their target price on shares of FormFactor from $50.00 to $60.00 and gave the stock a buy rating in a research note on Thursday. Finally, Evercore ISI began coverage on FormFactor in a report on Tuesday, April 16th. They set an in-line rating and a $50.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $47.30.

FormFactor Stock Up 4.3 %

FORM stock traded up $2.25 during midday trading on Thursday, hitting $54.00. The company's stock had a trading volume of 1,045,248 shares, compared to its average volume of 478,773. FormFactor has a 52-week low of $24.88 and a 52-week high of $54.27. The firm has a 50-day simple moving average of $44.07 and a 200-day simple moving average of $40.44. 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 market capitalization of $4.18 billion, a P/E ratio of 40.73 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company 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 2.33% and a net margin of 15.48%. As a group, equities analysts forecast that FormFactor will post 0.63 EPS for the current year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor 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 sale, the chief executive officer now owns 495,781 shares in the company, valued at approximately $22,776,179.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on 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 sale, the chief executive officer now owns 495,781 shares of the company's stock, valued at $22,776,179.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 27,591 shares in the company, valued at $1,228,075.41. The disclosure for this sale can be found here. In the last three months, insiders sold 32,000 shares of company stock worth $1,398,580. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of FormFactor by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company's stock worth $341,007,000 after purchasing an additional 224,599 shares during the period. Earnest Partners LLC raised its stake in shares of FormFactor by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company's stock valued at $225,386,000 after acquiring an additional 78,466 shares during the period. Wellington Management Group LLP boosted its position in FormFactor by 81.1% during 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 period. Sei Investments Co. increased its holdings in FormFactor by 10.2% in the 4th quarter. Sei Investments Co. now owns 1,417,633 shares of the semiconductor company's stock valued at $59,129,000 after purchasing an additional 131,282 shares in the last quarter. Finally, Reinhart Partners LLC. raised its position in FormFactor by 2.5% in the third quarter. Reinhart Partners LLC. now owns 834,698 shares of the semiconductor company's stock valued at $29,164,000 after purchasing an additional 20,060 shares during the period. 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.