FormFactor (NASDAQ:FORM) Now Covered by Analysts at Evercore ISI

Evercore ISI began coverage on shares of FormFactor (NASDAQ:FORM) in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage issued an in-line rating and a $50.00 price objective on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on FORM. TD Cowen boosted their target price on FormFactor from $33.00 to $37.00 and gave the stock a market perform rating in a research note on Thursday, February 8th. TheStreet upgraded FormFactor from a c rating to a b- rating in a research note on Thursday, February 8th. Needham & Company LLC restated a buy rating and set a $46.00 target price on shares of FormFactor in a research note on Thursday, February 8th. Finally, StockNews.com upgraded FormFactor from a hold rating to a buy rating in a research note on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, FormFactor currently has a consensus rating of Hold and a consensus target price of $42.56.

FormFactor Stock Performance

Shares of FormFactor stock opened at $42.09 on Tuesday. FormFactor has a one year low of $24.88 and a one year high of $47.94. The company has a market cap of $3.26 billion, a PE ratio of 39.71 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. The business has a 50-day simple moving average of $43.61 and a 200-day simple moving average of $39.77.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The business had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. On average, equities research analysts forecast that FormFactor will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’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 transaction, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total transaction of $445,100.00. Following the transaction, the chief financial officer now owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the completion of the sale, the chief executive officer now directly owns 499,781 shares in the company, valued at approximately $21,680,499.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,000 shares of company stock worth $1,223,580. 0.96% of the stock is owned by insiders.

Institutional Trading of FormFactor

Several large investors have recently bought and sold shares of FORM. BlackRock Inc. lifted its position in FormFactor by 2.4% during the second quarter. BlackRock Inc. now owns 12,733,906 shares of the semiconductor company’s stock worth $435,754,000 after buying an additional 303,681 shares during the period. Vanguard Group Inc. lifted its position in FormFactor by 2.4% during the third quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after buying an additional 224,599 shares during the period. Earnest Partners LLC lifted its position in FormFactor by 1.2% during the third quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock worth $225,386,000 after buying an additional 78,466 shares during the period. Alliancebernstein L.P. lifted its position in FormFactor by 24.2% during the second quarter. Alliancebernstein L.P. now owns 3,485,470 shares of the semiconductor company’s stock worth $119,273,000 after buying an additional 678,330 shares during the period. Finally, State Street Corp lifted its position in FormFactor by 0.4% during the first quarter. State Street Corp now owns 2,850,891 shares of the semiconductor company’s stock worth $90,801,000 after buying an additional 11,027 shares during the period. 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.