FormFactor (FORM) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of FormFactor (NASDAQ:FORM) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

Several other brokerages also recently weighed in on FORM. Zacks Investment Research downgraded shares of FormFactor from a hold rating to a sell rating in a research note on Monday, January 22nd. B. Riley restated a buy rating and issued a $20.00 price objective (down previously from $22.00) on shares of FormFactor in a research report on Monday, January 29th. Needham & Company LLC reduced their price objective on shares of FormFactor from $22.00 to $20.00 and set a strong-buy rating for the company in a research report on Thursday, January 18th. TheStreet downgraded shares of FormFactor from a b- rating to a c+ rating in a research report on Tuesday, February 27th. Finally, Citigroup reduced their price objective on shares of FormFactor from $16.00 to $14.00 and set a neutral rating for the company in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. FormFactor presently has a consensus rating of Buy and a consensus target price of $18.00.

How to Become a New Pot Stock Millionaire

Shares of FormFactor (NASDAQ:FORM) opened at $15.30 on Friday. FormFactor has a 12 month low of $10.45 and a 12 month high of $18.65. The firm has a market cap of $1,120.00, a PE ratio of 43.71, a PEG ratio of 0.89 and a beta of 1.33. The company has a current ratio of 3.32, a quick ratio of 2.58 and a debt-to-equity ratio of 0.19.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). FormFactor had a return on equity of 16.81% and a net margin of 7.46%. The business had revenue of $131.90 million for the quarter, compared to analyst estimates of $129.98 million. research analysts expect that FormFactor will post 1.08 EPS for the current fiscal year.

In related news, Director Dennis Thomas St sold 20,867 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $13.58, for a total value of $283,373.86. Following the completion of the sale, the director now owns 61,533 shares in the company, valued at $835,618.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael M. Ludwig sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $13.38, for a total transaction of $33,450.00. Following the completion of the sale, the chief financial officer now owns 242,887 shares of the company’s stock, valued at approximately $3,249,828.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,431 shares of company stock valued at $1,286,460. 2.30% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of FormFactor by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,682,016 shares of the semiconductor company’s stock valued at $73,273,000 after acquiring an additional 54,625 shares during the period. Peregrine Capital Management LLC lifted its position in shares of FormFactor by 32.8% during the 4th quarter. Peregrine Capital Management LLC now owns 2,504,269 shares of the semiconductor company’s stock valued at $39,192,000 after acquiring an additional 618,775 shares during the period. Hood River Capital Management LLC lifted its position in shares of FormFactor by 23.9% during the 4th quarter. Hood River Capital Management LLC now owns 1,556,232 shares of the semiconductor company’s stock valued at $24,355,000 after acquiring an additional 299,880 shares during the period. State Street Corp lifted its position in shares of FormFactor by 5.3% during the 2nd quarter. State Street Corp now owns 1,327,001 shares of the semiconductor company’s stock valued at $16,454,000 after acquiring an additional 66,847 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of FormFactor by 37.5% during the 4th quarter. Geode Capital Management LLC now owns 877,543 shares of the semiconductor company’s stock valued at $13,733,000 after acquiring an additional 239,307 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “FormFactor (FORM) Rating Increased to Strong-Buy at BidaskClub” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/03/14/formfactor-form-rating-increased-to-strong-buy-at-bidaskclub.html.

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)

Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply