FormFactor (NASDAQ:FORM) Now Covered by Evercore ISI

Analysts at Evercore ISI assumed coverage on shares of FormFactor (NASDAQ:FORM - Get Free Report) in a report released on Tuesday, MarketBeat.com reports. The brokerage set an "in-line" rating and a $50.00 price target on the semiconductor company's stock. Evercore ISI's target price suggests a potential upside of 12.82% from the company's previous close.

Other research analysts have also issued reports about the stock. TheStreet raised shares of FormFactor from a "c" rating to a "b-" rating in a research report on Thursday, February 8th. TD Cowen boosted their target price on FormFactor from $33.00 to $37.00 and gave the stock a "market perform" rating in a research note on Thursday, February 8th. StockNews.com raised FormFactor from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, FormFactor presently has a consensus rating of "Moderate Buy" and an average target price of $42.56.

FormFactor Stock Up 0.5 %

Shares of FormFactor stock traded up $0.23 on Tuesday, hitting $44.32. The company had a trading volume of 304,073 shares, compared to its average volume of 455,171. FormFactor has a 1 year low of $24.88 and a 1 year high of $47.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. The stock has a 50 day moving average of $43.45 and a 200-day moving average of $39.73. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 41.81 and a beta of 1.18.

FormFactor (NASDAQ:FORM - Get Free Report) last announced 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. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The business had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. As a group, sell-side analysts forecast that FormFactor will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the transaction, the chief executive officer now owns 495,781 shares of the company's stock, valued at approximately $22,776,179.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $44.51, for a total value of $445,100.00. Following the completion of the transaction, the chief financial officer now directly owns 27,591 shares in the company, valued at approximately $1,228,075.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares in the company, valued at approximately $22,776,179.14. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $1,223,580 over the last ninety days. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its holdings in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company's stock worth $66,000 after acquiring an additional 260 shares during the last quarter. Captrust Financial Advisors lifted its stake in FormFactor by 10.0% during the first quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company's stock worth $130,000 after purchasing an additional 281 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of FormFactor by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company's stock worth $767,000 after purchasing an additional 298 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of FormFactor by 5.1% in the 4th quarter. Franklin Resources Inc. now owns 6,280 shares of the semiconductor company's stock worth $262,000 after purchasing an additional 306 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of FormFactor by 30.4% during the 1st quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company's stock valued at $85,000 after purchasing an additional 434 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.