Analysts Set FormFactor, Inc. (FORM) Price Target at $18.06

FormFactor, Inc. (NASDAQ:FORM) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.06.

Several research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of FormFactor in a research report on Tuesday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $20.00 price objective on shares of FormFactor in a research report on Thursday, August 31st. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of FormFactor in a research report on Thursday, November 2nd. Finally, Citigroup upped their price objective on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd.

FormFactor (NASDAQ FORM) traded down $0.30 during trading hours on Thursday, hitting $15.30. The stock has a market capitalization of $1,110.00, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.46. FormFactor has a 1 year low of $10.45 and a 1 year high of $18.65. 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 released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The business had revenue of $143.74 million during the quarter, compared to analysts’ expectations of $140.83 million. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. equities analysts expect that FormFactor will post 1.04 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of FormFactor by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock valued at $74,045,000 after purchasing an additional 253,323 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of FormFactor by 84.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock valued at $24,816,000 after purchasing an additional 918,160 shares during the period. Victory Capital Management Inc. boosted its position in shares of FormFactor by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,000,917 shares of the semiconductor company’s stock valued at $33,715,000 after purchasing an additional 25,550 shares during the period. Alliancebernstein L.P. boosted its position in shares of FormFactor by 1.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,955,025 shares of the semiconductor company’s stock valued at $24,242,000 after purchasing an additional 32,341 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of FormFactor by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,671,322 shares of the semiconductor company’s stock valued at $20,724,000 after purchasing an additional 78,868 shares during the period. 84.44% of the stock is owned by hedge funds and other institutional investors.

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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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