FormFactor (NASDAQ:FORM) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of FormFactor (NASDAQ:FORM) from a buy rating to a hold rating in a research note released on Friday.

A number of other equities research analysts have also recently commented on FORM. Needham & Company LLC reaffirmed a buy rating and issued a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. Evercore ISI began coverage on FormFactor in a research note on Tuesday, April 16th. They issued an in-line rating and a $50.00 target price on the stock. TheStreet raised FormFactor from a c rating to a b- rating in a research report on Thursday, February 8th. Finally, TD Cowen lifted their price objective on FormFactor from $33.00 to $37.00 and gave the stock a market perform rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $42.56.

FormFactor Stock Down 1.3 %

Shares of NASDAQ:FORM opened at $40.25 on Friday. FormFactor has a 1 year low of $24.88 and a 1 year high of $47.94. The company has a market capitalization of $3.12 billion, a PE ratio of 37.97 and a beta of 1.18. The business has a fifty day moving average price of $43.53 and a two-hundred day moving average price of $39.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The company had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. Analysts forecast that FormFactor will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the transaction, the chief financial officer now directly owns 67,141 shares in the company, valued at $2,827,978.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Friday, March 1st. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the sale, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock worth $1,223,580 in the last quarter. 0.96% of the stock is owned by company insiders.

Institutional Trading of FormFactor

A number of large investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its position in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares during the last quarter. Arizona State Retirement System boosted its stake in FormFactor by 1.4% in the third quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company’s stock worth $767,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC grew its position in FormFactor by 30.4% during the first quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 434 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of FormFactor by 3.1% during the third quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company’s stock worth $684,000 after acquiring an additional 582 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in shares of FormFactor during the first quarter worth approximately $28,000. Institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.