FormFactor (NASDAQ:FORM) Given New $54.00 Price Target at B. Riley

FormFactor (NASDAQ:FORM) had its target price raised by B. Riley from $52.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the stock. Craig Hallum boosted their target price on shares of FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday. Needham & Company LLC raised their target price on FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, TD Cowen increased their price target on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and an average price target of $47.30.

FormFactor Price Performance

Shares of NASDAQ FORM traded up $2.25 during mid-day trading on Thursday, hitting $54.00. 1,045,249 shares of the stock traded hands, compared to its average volume of 505,847. The company has a market cap of $4.19 billion, a PE ratio of 40.91 and a beta of 1.15. FormFactor has a twelve month low of $24.88 and a twelve month high of $54.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.52. The firm has a 50 day simple moving average of $44.33 and a two-hundred day simple moving average of $40.58.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. As a group, equities research analysts forecast that FormFactor will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the sale, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,000 shares of company stock valued at $1,398,580. 0.96% of the stock is currently owned by company insiders.

Institutional Trading of FormFactor

Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in FormFactor during the first quarter worth $1,030,000. Janney Montgomery Scott LLC increased its position in shares of FormFactor by 19.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 1,151 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of FormFactor by 1.9% in the 1st quarter. BNP Paribas Financial Markets now owns 69,174 shares of the semiconductor company’s stock worth $3,156,000 after acquiring an additional 1,319 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in FormFactor by 5.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 338,999 shares of the semiconductor company’s stock valued at $15,469,000 after acquiring an additional 18,375 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in FormFactor by 0.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 374,468 shares of the semiconductor company’s stock valued at $17,087,000 after purchasing an additional 2,090 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.