FormFactor (FORM) Getting Somewhat Favorable Media Coverage, Study Shows

Media coverage about FormFactor (NASDAQ:FORM) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FormFactor earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.9345262676606 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

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Shares of FORM stock opened at $14.20 on Monday. FormFactor has a 12-month low of $10.45 and a 12-month high of $18.65. The firm has a market capitalization of $1,049.34, a PE ratio of 14.20, a PEG ratio of 0.87 and a beta of 1.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.32 and a quick ratio of 2.58.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). FormFactor had a net margin of 7.46% and a return on equity of 16.81%. The firm had revenue of $131.90 million during the quarter, compared to analyst estimates of $129.98 million. equities analysts expect that FormFactor will post 1.02 EPS for the current fiscal year.

Several brokerages have recently issued reports on FORM. Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. BidaskClub raised shares of FormFactor from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Needham & Company LLC decreased their price target on shares of FormFactor from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Thursday, January 18th. B. Riley reissued a “buy” rating and issued a $20.00 price target (down previously from $22.00) on shares of FormFactor in a report on Monday, January 29th. Finally, Northland Securities began coverage on shares of FormFactor in a report on Tuesday, April 3rd. They issued an “outperform” rating and a $21.00 price target for the company. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.43.

In related news, Director Dennis Thomas St sold 20,867 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 61,533 shares of the company’s stock, valued at approximately $835,618.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael M. Ludwig sold 30,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $12.73, for a total transaction of $381,900.00. Following the completion of the transaction, the chief financial officer now directly owns 270,387 shares of the company’s stock, valued at $3,442,026.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,431 shares of company stock valued at $1,286,460. Company insiders own 1.30% of the company’s stock.

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FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test 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.

Insider Buying and Selling by Quarter for FormFactor (NASDAQ:FORM)

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