BidaskClub lowered shares of FormFactor, Inc. (NASDAQ:FORM) from a hold rating to a sell rating in a research report sent to investors on Thursday, July 6th.

A number of other research analysts have also recently commented on the company. TheStreet raised FormFactor from a c+ rating to a b- rating in a research report on Thursday, May 11th. Needham & Company LLC reaffirmed a buy rating and set a $15.00 price target on shares of FormFactor in a research report on Monday, May 1st. Zacks Investment Research raised FormFactor from a hold rating to a buy rating and set a $16.00 price target on the stock in a research report on Monday, May 8th. ValuEngine raised FormFactor from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, Sidoti reaffirmed a buy rating and set a $18.00 price target (up previously from $15.00) on shares of FormFactor in a research report on Wednesday, June 14th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. FormFactor presently has an average rating of Buy and an average target price of $15.75.

FormFactor (NASDAQ:FORM) traded up 0.79% during midday trading on Thursday, hitting $12.80. The stock had a trading volume of 372,718 shares. The stock has a market capitalization of $923.15 million, a PE ratio of 60.95 and a beta of 1.60. The stock’s 50-day moving average is $13.82 and its 200-day moving average is $12.17. FormFactor has a 1-year low of $8.55 and a 1-year high of $15.58.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. FormFactor had a return on equity of 11.02% and a net margin of 2.71%. The firm had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $124.07 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 140.3% compared to the same quarter last year. On average, equities research analysts anticipate that FormFactor will post $1.02 EPS for the current fiscal year.

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In other FormFactor news, Director Richard Delateur sold 80,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $13.80, for a total value of $1,104,000.00. Following the sale, the director now owns 90,000 shares of the company’s stock, valued at approximately $1,242,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward Rogas, Jr. sold 6,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $13.90, for a total value of $83,400.00. Following the transaction, the director now owns 56,000 shares in the company, valued at $778,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 479,083 shares of company stock worth $6,853,928. Insiders own 2.84% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of FormFactor by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,718,078 shares of the semiconductor company’s stock valued at $67,759,000 after buying an additional 240,637 shares during the period. Dimensional Fund Advisors LP raised its position in shares of FormFactor by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,382,642 shares of the semiconductor company’s stock valued at $63,783,000 after buying an additional 107,736 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of FormFactor by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 2,978,099 shares of the semiconductor company’s stock valued at $35,290,000 after buying an additional 89,638 shares during the period. Victory Capital Management Inc. raised its position in shares of FormFactor by 1,415.9% in the first quarter. Victory Capital Management Inc. now owns 2,003,210 shares of the semiconductor company’s stock valued at $23,738,000 after buying an additional 1,871,060 shares during the period. Finally, Royce & Associates LP raised its position in shares of FormFactor by 1.6% in the first quarter. Royce & Associates LP now owns 1,647,045 shares of the semiconductor company’s stock valued at $19,517,000 after buying an additional 26,000 shares during the period. Hedge funds and other institutional investors own 87.79% of the company’s stock.

About FormFactor

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

Analyst Recommendations for FormFactor (NASDAQ:FORM)

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