BidaskClub upgraded shares of FormFactor (NASDAQ:FORM) from a sell rating to a hold rating in a research report report published on Friday morning.

FORM has been the subject of a number of other research reports. B. Riley reduced their target price on FormFactor from $19.00 to $18.00 and set a buy rating for the company in a report on Monday, July 30th. Zacks Investment Research raised FormFactor from a sell rating to a hold rating in a report on Tuesday, July 3rd. ValuEngine raised FormFactor from a sell rating to a hold rating in a report on Wednesday, October 17th. Finally, TheStreet raised FormFactor from a c+ rating to a b rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. FormFactor currently has a consensus rating of Hold and a consensus target price of $17.38.

Shares of FormFactor stock opened at $12.50 on Friday. FormFactor has a 12 month low of $11.10 and a 12 month high of $18.65. The company has a market cap of $923.28 million, a price-to-earnings ratio of 15.82, a PEG ratio of 1.43 and a beta of 1.34. The company has a quick ratio of 2.25, a current ratio of 2.94 and a debt-to-equity ratio of 0.11.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, August 1st. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. FormFactor had a return on equity of 12.77% and a net margin of 5.55%. The business had revenue of $135.51 million during the quarter, compared to analysts’ expectations of $134.87 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that FormFactor will post 0.73 EPS for the current fiscal year.

In related news, Director Michael W. Zellner sold 11,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $13.49, for a total value of $148,390.00. Following the completion of the sale, the director now owns 41,875 shares of the company’s stock, valued at $564,893.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard Delateur sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $14.07, for a total value of $84,420.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $182,910. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in shares of FormFactor by 0.7% in the first quarter. Northern Trust Corp now owns 1,101,564 shares of the semiconductor company’s stock valued at $15,037,000 after purchasing an additional 7,144 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of FormFactor by 405.6% in the second quarter. NumerixS Investment Technologies Inc now owns 9,100 shares of the semiconductor company’s stock valued at $119,000 after purchasing an additional 7,300 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of FormFactor by 6.4% in the second quarter. Legal & General Group Plc now owns 143,710 shares of the semiconductor company’s stock valued at $1,899,000 after purchasing an additional 8,638 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of FormFactor by 62.4% in the first quarter. BNP Paribas Arbitrage SA now owns 24,259 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 9,324 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of FormFactor by 21.7% in the second quarter. California Public Employees Retirement System now owns 56,325 shares of the semiconductor company’s stock valued at $749,000 after purchasing an additional 10,025 shares during the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test 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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