BidaskClub Lowers FormFactor (FORM) to Hold

FormFactor (NASDAQ:FORM) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Other research analysts also recently issued reports about the stock. ValuEngine upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. DA Davidson boosted their target price on shares of FormFactor to $21.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Zacks Investment Research upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Craig Hallum downgraded shares of FormFactor from a “buy” rating to a “hold” rating and boosted their target price for the company from $16.00 to $17.00 in a research report on Thursday, February 7th. Finally, Northland Securities downgraded shares of FormFactor from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $16.50 to $18.00 in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.00.

NASDAQ FORM opened at $16.23 on Tuesday. The firm has a market cap of $1.17 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.00 and a beta of 1.68. FormFactor has a 1 year low of $11.38 and a 1 year high of $19.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.36 and a quick ratio of 2.54.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $132.21 million during the quarter, compared to the consensus estimate of $130.37 million. FormFactor had a net margin of 19.76% and a return on equity of 11.06%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, equities analysts predict that FormFactor will post 0.65 EPS for the current fiscal year.

In other FormFactor news, Director Dennis Thomas St sold 8,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $15.99, for a total value of $127,920.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at $719,550. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. NumerixS Investment Technologies Inc raised its position in shares of FormFactor by 9.1% in the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 600 shares during the period. Amalgamated Bank raised its position in shares of FormFactor by 6.7% in the fourth quarter. Amalgamated Bank now owns 10,877 shares of the semiconductor company’s stock worth $153,000 after acquiring an additional 681 shares during the period. State of Alaska Department of Revenue raised its position in shares of FormFactor by 3.1% in the fourth quarter. State of Alaska Department of Revenue now owns 24,780 shares of the semiconductor company’s stock worth $349,000 after acquiring an additional 750 shares during the period. Arizona State Retirement System raised its position in shares of FormFactor by 0.7% in the first quarter. Arizona State Retirement System now owns 114,892 shares of the semiconductor company’s stock worth $1,849,000 after acquiring an additional 776 shares during the period. Finally, Mason Street Advisors LLC raised its position in shares of FormFactor by 3.9% in the first quarter. Mason Street Advisors LLC now owns 23,919 shares of the semiconductor company’s stock worth $385,000 after acquiring an additional 907 shares during the period. Institutional investors and hedge funds own 94.47% of the company’s stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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