FormFactor (NASDAQ:FORM) Price Target Increased to $48.00 by Analysts at TD Cowen

FormFactor (NASDAQ:FORM) had its target price increased by TD Cowen from $37.00 to $48.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other brokerages have also commented on FORM. StockNews.com lowered FormFactor from a buy rating to a hold rating in a report on Friday, April 19th. Stifel Nicolaus upped their target price on FormFactor from $36.00 to $42.00 and gave the stock a hold rating in a research report on Tuesday. Needham & Company LLC reissued a buy rating and issued a $46.00 price target on shares of FormFactor in a research report on Thursday, February 8th. Evercore ISI began coverage on shares of FormFactor in a report on Tuesday, April 16th. They set an in-line rating and a $50.00 price objective for the company. Finally, TheStreet upgraded shares of FormFactor from a c rating to a b- rating in a research note on Thursday, February 8th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $47.30.

FormFactor Stock Up 4.3 %

NASDAQ FORM traded up $2.25 during trading on Thursday, reaching $54.00. The company’s stock had a trading volume of 1,045,249 shares, compared to its average volume of 505,847. The company has a current ratio of 4.51, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.19 billion, a PE ratio of 40.91 and a beta of 1.15. FormFactor has a 1-year low of $24.88 and a 1-year high of $54.27. The business has a 50-day moving average price of $44.33 and a 200-day moving average price of $40.58.

FormFactor (NASDAQ:FORM) 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 business had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. On average, research analysts forecast that FormFactor will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at FormFactor

In related news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, February 12th. The stock was 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 $2,827,978.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were 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 approximately $22,776,179.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of the company’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 completion of the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at approximately $2,827,978.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,000 shares of company stock worth $1,398,580. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FormFactor

Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of FormFactor in the 1st quarter worth approximately $1,030,000. Janney Montgomery Scott LLC raised its stake in FormFactor by 19.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 1,151 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of FormFactor by 1.9% during the first quarter. BNP Paribas Financial Markets now owns 69,174 shares of the semiconductor company’s stock valued at $3,156,000 after acquiring an additional 1,319 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of FormFactor by 5.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 338,999 shares of the semiconductor company’s stock valued at $15,469,000 after purchasing an additional 18,375 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of FormFactor by 0.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 374,468 shares of the semiconductor company’s stock worth $17,087,000 after purchasing an additional 2,090 shares in the last quarter. 98.76% of the stock is 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.