BidaskClub upgraded shares of FormFactor (NASDAQ:FORM) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Other analysts also recently issued reports about the company. Needham & Company LLC began coverage on FormFactor in a research report on Monday. They set a buy rating and a $19.00 target price for the company. Zacks Investment Research downgraded FormFactor from a hold rating to a sell rating in a research report on Tuesday, May 7th. Northland Securities downgraded FormFactor from an outperform rating to a market perform rating and lifted their target price for the stock from $16.50 to $18.00 in a research report on Thursday, May 2nd. Finally, DA Davidson lifted their target price on FormFactor to $21.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. FormFactor currently has a consensus rating of Hold and an average price target of $18.17.

Shares of FORM opened at $15.57 on Tuesday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.89 and a beta of 1.79. FormFactor has a 52-week low of $11.38 and a 52-week high of $19.27. The company has a quick ratio of 2.54, a current ratio of 3.36 and a debt-to-equity ratio of 0.09.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. FormFactor had a return on equity of 11.06% and a net margin of 19.76%. The company had revenue of $132.21 million during the quarter, compared to the consensus estimate of $130.37 million. During the same period last year, the company earned $0.17 earnings per share. FormFactor’s revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that FormFactor will post 0.65 earnings per share for the current fiscal year.

In other news, Director Raymond A. Link sold 4,000 shares of FormFactor stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $15.58, for a total transaction of $62,320.00. Following the completion of the sale, the director now directly owns 49,602 shares in the company, valued at $772,799.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.88% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in FORM. FMR LLC increased its stake in shares of FormFactor by 261,685.1% during the first quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock valued at $16,427,000 after buying an additional 1,020,572 shares during the period. Norges Bank purchased a new position in shares of FormFactor during the fourth quarter valued at $13,721,000. Oregon Public Employees Retirement Fund purchased a new position in shares of FormFactor during the fourth quarter valued at $28,000. Morgan Stanley increased its stake in shares of FormFactor by 89.5% during the first quarter. Morgan Stanley now owns 515,292 shares of the semiconductor company’s stock valued at $8,292,000 after buying an additional 243,314 shares during the period. Finally, BlackRock Inc. increased its stake in shares of FormFactor by 1.7% during the fourth quarter. BlackRock Inc. now owns 10,999,192 shares of the semiconductor company’s stock valued at $154,977,000 after buying an additional 182,059 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Analyst Recommendations for FormFactor (NASDAQ:FORM)

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