Several analysts have recently updated their ratings and price targets for FormFactor (NASDAQ: FORM):

  • 8/9/2017 – FormFactor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “FormFactor, is the largest probe card manufacturer in the semiconductor industry as well as the largest supplier of probe cards to the SOC probe card market. The company reported better-than-expected second quarter results surpassing the Zacks Consensus Estimates on both counts. Year to date, the stock has underperformed the industry it belongs to. The company has proved agile in dealing with the secular decline in the PC market by increasing focus on the Mobile SoC and Mobile DRAM probe card segments where growth prospects remain very bright. However, nature of the business necessitates long lead times and customer concentration, which should be kept in mind when investing in the shares.”
  • 8/8/2017 – FormFactor had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock.
  • 8/3/2017 – FormFactor had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock.
  • 8/3/2017 – FormFactor had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $18.00 price target on the stock, up previously from $16.00.
  • 7/13/2017 – FormFactor was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/6/2017 – FormFactor was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/4/2017 – FormFactor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FormFactor, is the largest probe card manufacturer in the semiconductor industry as well as the largest supplier of probe cards to the SOC probe card market. The company reported better-than-expected first quarter results. Over the last one year, the stock has outperformed te Zacks Electronics-Semiconductor industry. The company has proved agile in dealing with the secular decline in the PC market by increasing focus on the Mobile SoC and Mobile DRAM probe card segments where growth prospects remain very bright. However, nature of the business necessitates long lead times and customer concentration, which should be kept in mind when investing in the shares.”
  • 7/1/2017 – FormFactor had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $17.00 price target on the stock.
  • 6/26/2017 – FormFactor had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $17.00 price target on the stock.
  • 6/22/2017 – FormFactor had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $16.00 price target on the stock.

Shares of FormFactor, Inc. (FORM) opened at 14.05 on Monday. The firm’s market cap is $1.02 billion. FormFactor, Inc. has a 1-year low of $8.55 and a 1-year high of $15.58. The firm has a 50 day moving average price of $13.21 and a 200 day moving average price of $12.57.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.12. FormFactor had a negative net margin of 1.32% and a positive return on equity of 15.62%. The firm had revenue of $144 million for the quarter, compared to analyst estimates of $134.53 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 73.3% compared to the same quarter last year. Analysts anticipate that FormFactor, Inc. will post $1.22 EPS for the current year.

In related news, Director Dennis Thomas St sold 285,333 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $14.61, for a total value of $4,168,715.13. Following the sale, the director now owns 40,666 shares in the company, valued at approximately $594,130.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.84% of the company’s stock.

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.

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