FormFactor (NASDAQ:FORM) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of FormFactor (NASDAQ:FORM) in a research note issued to investors on Thursday,Benzinga reports.

Other analysts also recently issued reports about the company. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $64.00 to $34.00 in a research note on Thursday. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, TD Cowen cut their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.50.

FormFactor Stock Performance

NASDAQ FORM opened at $38.33 on Thursday. The company has a market cap of $2.97 billion, a P/E ratio of 22.03 and a beta of 1.07. The company has a fifty day simple moving average of $42.98 and a 200 day simple moving average of $44.30. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor has a 12-month low of $32.71 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 18.29% and a return on equity of 5.38%. Sell-side analysts predict that FormFactor will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 12,000 shares of company stock worth $496,040 in the last quarter. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FormFactor

Large investors have recently modified their holdings of the stock. Algert Global LLC grew its holdings in FormFactor by 134.4% during the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock valued at $2,440,000 after purchasing an additional 30,410 shares during the period. FMR LLC raised its stake in shares of FormFactor by 1,255.5% in the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after buying an additional 107,837 shares during the period. Citigroup Inc. lifted its position in shares of FormFactor by 59.4% during the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock valued at $4,867,000 after buying an additional 39,419 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of FormFactor by 14.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after acquiring an additional 972 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in FormFactor in the 3rd quarter worth about $818,000. Hedge funds and other 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.