FormFactor (NASDAQ:FORM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FormFactor (NASDAQ:FORM) from a buy rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also commented on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of FormFactor in a research report on Wednesday, September 30th. They issued a “buy” rating and a $200.00 price objective for the company. Stifel Nicolaus set a $115.00 target price on shares of FormFactor in a research note on Tuesday, October 13th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, B. Riley Financial reissued a “buy” rating on shares of FormFactor in a research note on Monday, October 19th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.73.

FormFactor Price Performance

FormFactor stock opened at $87.30 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The firm has a market cap of $6.81 billion, a P/E ratio of 39.86 and a beta of 1.18. The business’s fifty day moving average is $115.71 and its two-hundred day moving average is $113.50. FormFactor has a 52 week low of $47.33 and a 52 week high of $160.27.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. FormFactor had a return on equity of 18.88% and a net margin of 17.72%. The company had revenue of $280.55 million for the quarter, compared to analysts’ expectations of $270.52 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities research analysts forecast that FormFactor will post 2.95 earnings per share for the current fiscal year.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 11,098 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at approximately $57,040,619.20. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the transaction, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 46,710 shares of company stock valued at $5,520,564. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Large investors have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. bought a new stake in shares of FormFactor during the second quarter worth $25,000. V Square Quantitative Management LLC lifted its position in FormFactor by 96.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 124 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in FormFactor in the 2nd quarter valued at $43,000. Mather Group LLC. bought a new stake in FormFactor in the 3rd quarter valued at $44,000. Finally, Root Financial Partners LLC acquired a new position in FormFactor in the 3rd quarter worth $58,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.