FormFactor (NASDAQ:FORM) Trading Up 4.3%

FormFactor, Inc. (NASDAQ:FORM) was up 4.3% during trading on Monday . The company traded as high as $58.16 and last traded at $57.94. Approximately 61,190 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 522,085 shares. The stock had previously closed at $55.55.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FORM shares. Needham & Company LLC upped their price target on shares of FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Citigroup increased their target price on shares of FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Evercore ISI started coverage on shares of FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 target price on the stock. B. Riley increased their target price on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Stifel Nicolaus increased their target price on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, FormFactor presently has an average rating of “Hold” and an average target price of $51.44.

FormFactor Trading Up 6.8 %

The firm has a market capitalization of $4.58 billion, a PE ratio of 44.64 and a beta of 1.11. The company’s 50-day simple moving average is $58.04 and its 200 day simple moving average is $48.57. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $168.73 million for the quarter, compared to analysts’ expectations of $165.45 million. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. As a group, sell-side analysts expect that FormFactor, Inc. will post 0.72 EPS for the current year.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total value of $175,000.00. Following the completion of the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at approximately $21,515,418.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total value of $175,000.00. Following the completion of the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at approximately $21,515,418.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shai Shahar sold 6,094 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.76, for a total transaction of $339,801.44. Following the completion of the transaction, the chief financial officer now directly owns 15,669 shares of the company’s stock, valued at $873,703.44. The disclosure for this sale can be found here. Insiders sold 37,536 shares of company stock valued at $2,075,394 in the last three months. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after buying an additional 260 shares during the last quarter. CWM LLC boosted its stake in shares of FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after buying an additional 370 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of FormFactor by 21.8% in the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after buying an additional 406 shares during the last quarter. Swiss National Bank boosted its stake in shares of FormFactor by 0.4% in the first quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock worth $7,009,000 after buying an additional 600 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of FormFactor in the first quarter worth about $28,000. 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.