FormFactor’s (FORM) “Hold” Rating Reiterated at Needham & Company LLC

FormFactor (NASDAQ:FORM)‘s stock had its “hold” rating reissued by Needham & Company LLC in a research note issued on Thursday,Benzinga reports.

A number of other equities analysts have also recently weighed in on the stock. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $64.00 to $34.00 in a report on Thursday. Finally, TD Cowen lowered their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FormFactor has an average rating of “Hold” and an average price target of $51.00.

FormFactor Price Performance

Shares of FORM stock opened at $41.12 on Thursday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor has a 12 month low of $37.25 and a 12 month high of $63.63. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 23.63 and a beta of 1.07. The stock has a 50-day moving average price of $43.00 and a 200 day moving average price of $44.35.

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

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the sale, the chief executive officer now owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 12,000 shares of company stock valued at $496,040 in the last quarter. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

Large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings in shares of FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 288 shares during the last quarter. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the period. Glenmede Trust Co. NA increased its holdings in shares of FormFactor by 7.4% in the third quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 415 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares during the period. Finally, Quarry LP lifted its stake in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after buying an additional 523 shares during the last quarter. Institutional investors and hedge funds 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.