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

StockNews.com downgraded shares of FormFactor (NASDAQ:FORM) from a buy rating to a hold rating in a research report released on Tuesday morning.

Several other research analysts have also recently weighed in on FORM. Needham & Company LLC reiterated a buy rating and set a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. B. Riley boosted their price target on FormFactor from $65.00 to $74.00 and gave the company a buy rating in a report on Thursday, June 20th. TD Cowen upped their price target on FormFactor from $48.00 to $60.00 and gave the stock a hold rating in a research report on Thursday, August 1st. Craig Hallum lifted their price objective on FormFactor from $50.00 to $60.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Finally, DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a buy rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, FormFactor currently has an average rating of Hold and a consensus target price of $59.63.

FormFactor Stock Down 0.4 %

FormFactor stock opened at $48.78 on Tuesday. The stock has a fifty day simple moving average of $53.69 and a two-hundred day simple moving average of $50.25. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 36.95 and a beta of 1.12. The company has a current ratio of 4.46, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. FormFactor has a 12 month low of $31.19 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. Equities analysts predict that FormFactor will post 0.72 EPS for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $59.00, for a total value of $236,000.00. Following the completion of the transaction, the chief executive officer now directly owns 487,581 shares in the company, valued at approximately $28,767,279. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $59.00, for a total value of $236,000.00. Following the sale, the chief executive officer now owns 487,581 shares in the company, valued at approximately $28,767,279. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, the director now directly owns 12,970 shares in the company, valued at $543,961.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,770 shares of company stock valued at $723,654. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FORM. Vanguard Group Inc. increased its stake in shares of FormFactor by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock valued at $439,074,000 after buying an additional 154,361 shares during the period. Earnest Partners LLC increased its holdings in FormFactor by 0.6% during the first quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock valued at $277,942,000 after buying an additional 37,781 shares during the period. Hood River Capital Management LLC lifted its position in FormFactor by 7.2% during the first quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock valued at $94,867,000 after acquiring an additional 140,223 shares during the last quarter. Wellington Management Group LLP grew its holdings in FormFactor by 81.1% in the fourth quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after purchasing an additional 862,885 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of FormFactor by 5.4% during the first quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock worth $68,156,000 after purchasing an additional 76,032 shares in the last quarter. 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.