FormFactor (NASDAQ:FORM) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of FormFactor (NASDAQ:FORM) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $102.00 target price on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the company. Freedom Capital raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. B. Riley Financial dropped their target price on FormFactor from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Monday. Deutsche Bank started coverage on FormFactor in a research report on Wednesday, September 30th. They set a “buy” rating and a $200.00 target price on the stock. Wall Street Zen raised FormFactor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Finally, Stifel Nicolaus set a $115.00 price target on FormFactor in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.25.

FormFactor Price Performance

FormFactor stock opened at $95.78 on Wednesday. FormFactor has a 12-month low of $47.33 and a 12-month high of $160.27. The stock has a market capitalization of $7.49 billion, a P/E ratio of 43.74 and a beta of 1.27. The firm’s 50-day moving average is $113.10 and its two-hundred day moving average is $113.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.68 and a quick ratio of 3.02.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. The business had revenue of $280.55 million for the quarter, compared to the consensus estimate of $270.52 million. FormFactor had a net margin of 17.72% and a return on equity of 18.40%. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities analysts predict that FormFactor will post 2.96 earnings per share for the current year.

Insider Activity

In other news, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the transaction, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 11,098 shares of FormFactor stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the completion of the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at $57,040,619.20. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 46,710 shares of company stock valued at $5,520,564 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FORM. Keating Financial Advisory Services Inc. acquired a new position in FormFactor during the second quarter valued at approximately $25,000. V Square Quantitative Management LLC grew its stake in FormFactor by 96.1% during the third quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock worth $38,000 after buying an additional 124 shares during the period. Bogart Wealth LLC acquired a new stake in shares of FormFactor in the third quarter worth $38,000. Persistent Asset Partners Ltd acquired a new stake in shares of FormFactor in the second quarter worth $43,000. Finally, Mather Group LLC. acquired a new stake in shares of FormFactor in the third quarter worth $44,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc. designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization. The company’s products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices. FormFactor serves customers around the world, including semiconductor manufacturers and research organizations.