FormFactor (NASDAQ:FORM) Price Target Raised to $54.00 at B. Riley

FormFactor (NASDAQ:FORM) had its price objective boosted by B. Riley from $52.00 to $54.00 in a report issued on Thursday, Benzinga reports. B. Riley currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts also recently commented on FORM. StockNews.com downgraded FormFactor from a buy rating to a hold rating in a research note on Friday, April 19th. Craig Hallum boosted their target price on shares of FormFactor from $50.00 to $60.00 and gave the company a buy rating in a research report on Thursday. Stifel Nicolaus increased their price target on shares of FormFactor from $36.00 to $42.00 and gave the stock a hold rating in a research report on Tuesday, April 30th. TheStreet upgraded shares of FormFactor from a c rating to a b- rating in a research report on Thursday, February 8th. Finally, Needham & Company LLC raised their target price on FormFactor from $46.00 to $53.00 and gave the company a buy rating in a report on Thursday. Six investment 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, the stock presently has a consensus rating of Hold and an average price target of $47.30.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $54.00 on Thursday. FormFactor has a 12-month low of $24.88 and a 12-month high of $54.27. The company’s 50 day moving average price is $44.33 and its two-hundred day moving average price is $40.63. The firm has a market cap of $4.19 billion, a PE ratio of 40.91 and a beta of 1.15. The company has a quick ratio of 3.52, a current ratio of 4.51 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its quarterly 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. The business had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. Equities research analysts predict that FormFactor will post 0.68 earnings per share for the current year.

Insider Activity

In related news, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. 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 FormFactor 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 sale, the chief financial officer now directly owns 67,141 shares in the company, valued at approximately $2,827,978.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the transaction, the chief executive officer now owns 491,781 shares of the company’s stock, valued at $21,515,418.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,000 shares of company stock worth $1,398,580. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in shares of FormFactor in the 1st quarter valued at about $28,000. GAMMA Investing LLC acquired a new position in shares of FormFactor in the fourth quarter worth approximately $55,000. Quadrant Capital Group LLC lifted its stake in shares of FormFactor by 19.5% in the fourth 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 period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in FormFactor in the third quarter valued at approximately $70,000. Finally, Mackenzie Financial Corp acquired a new stake in FormFactor during the 4th quarter valued at approximately $202,000. 98.76% of the stock is owned by institutional investors.

About FormFactor

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.