Needham & Company LLC reissued their strong-buy rating on shares of FormFactor (NASDAQ:FORM) in a research report report published on Thursday, MarketBeat reports. The brokerage currently has a $20.00 price objective on the semiconductor company’s stock, down from their prior price objective of $22.00.

Other analysts have also recently issued reports about the stock. B. Riley reaffirmed a buy rating and set a $22.00 target price (up from $20.00) on shares of FormFactor in a report on Thursday, November 2nd. Citigroup upped their target price on shares of FormFactor from $16.00 to $17.40 and gave the company a neutral rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. FormFactor currently has a consensus rating of Buy and an average price target of $18.34.

Shares of FormFactor (NASDAQ FORM) remained flat at $$15.50 during mid-day trading on Thursday. 528,375 shares of the company were exchanged, compared to its average volume of 602,386. FormFactor has a 1-year low of $10.45 and a 1-year high of $18.65. The firm has a market capitalization of $1,120.00, a PE ratio of 59.62, a PEG ratio of 0.81 and a beta of 1.46. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20.

FormFactor (NASDAQ:FORM) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The business had revenue of $143.74 million during the quarter, compared to analysts’ expectations of $140.83 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. analysts predict that FormFactor will post 1.04 EPS for the current year.

In other FormFactor news, CFO Michael M. Ludwig sold 16,845 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $17.50, for a total value of $294,787.50. Following the completion of the transaction, the chief financial officer now directly owns 241,132 shares in the company, valued at $4,219,810. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Delateur sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $442,250. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FORM. Paradigm Capital Management Inc. NY bought a new position in shares of FormFactor in the third quarter worth approximately $11,148,000. Teachers Advisors LLC boosted its position in shares of FormFactor by 449.9% during the second quarter. Teachers Advisors LLC now owns 645,559 shares of the semiconductor company’s stock worth $8,005,000 after acquiring an additional 528,164 shares during the last quarter. EAM Investors LLC bought a new position in shares of FormFactor during the second quarter worth $3,750,000. American Century Companies Inc. bought a new position in shares of FormFactor during the third quarter worth $4,706,000. Finally, Vanguard Group Inc. boosted its position in shares of FormFactor by 4.4% during the second quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after acquiring an additional 253,323 shares during the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

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FormFactor Company Profile

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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