FormFactor (NASDAQ:FORM) Coverage Initiated at Evercore ISI

Research analysts at Evercore ISI assumed coverage on shares of FormFactor (NASDAQ:FORM) in a report released on Tuesday, Marketbeat.com reports. The brokerage set an “in-line” rating and a $50.00 price target on the semiconductor company’s stock. Evercore ISI’s price target suggests a potential upside of 16.36% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price objective on shares of FormFactor in a report on Thursday, February 8th. TD Cowen lifted their price objective on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Finally, StockNews.com upgraded FormFactor from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.56.

FormFactor Price Performance

Shares of FORM opened at $42.97 on Tuesday. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. FormFactor has a 1 year low of $24.88 and a 1 year high of $47.94. The stock has a market cap of $3.33 billion, a P/E ratio of 40.54 and a beta of 1.18. The stock’s 50-day moving average price is $43.55 and its two-hundred day moving average price is $39.75.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (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 firm had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. On average, equities analysts predict that FormFactor will post 0.63 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares in the company, valued at approximately $22,776,179.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 of the company’s stock, valued at approximately $2,827,978.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at approximately $22,776,179.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,000 shares of company stock worth $1,223,580. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in shares of FormFactor during the 1st quarter worth approximately $28,000. Cerity Partners LLC acquired a new position in shares of FormFactor during the 1st quarter worth approximately $383,000. Belpointe Asset Management LLC increased its holdings in shares of FormFactor by 170.1% during the 1st quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 684 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of FormFactor during the 4th quarter worth approximately $55,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 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.