Today: The FormFactor Inc. (FORM) Given Average Rating of “Buy” by Analysts

The FormFactor Inc. (FORM) Given Average Rating of “Buy” by Analysts

FormFactor Inc. (NASDAQ:FORM) has been given an average rating of “Buy” by the seven analysts that are covering the firm. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.60.

FORM has been the topic of a number of analyst reports. B. Riley restated a “buy” rating and set a $11.00 target price on shares of FormFactor in a research note on Tuesday, June 28th. Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Thursday, June 30th. TheStreet upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Citigroup Inc. lifted their target price on shares of FormFactor from $8.25 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Needham & Company LLC lifted their target price on shares of FormFactor from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, June 27th.

Shares of FormFactor (NASDAQ:FORM) traded down 1.15% on Thursday, hitting $10.32. The stock had a trading volume of 131,819 shares. FormFactor has a 12 month low of $6.15 and a 12 month high of $11.19. The stock has a market cap of $728.23 million, a PE ratio of 30.62 and a beta of 0.95. The company has a 50 day moving average price of $10.33 and a 200-day moving average price of $8.87.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. FormFactor had a net margin of 7.27% and a return on equity of 0.11%. The firm earned $83.10 million during the quarter, compared to the consensus estimate of $78.23 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 55.0% compared to the same quarter last year. On average, equities research analysts anticipate that FormFactor will post $0.45 earnings per share for the current year.

In other news, Director Richard Delateur sold 10,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $10.74, for a total transaction of $107,400.00. Following the sale, the director now directly owns 22,000 shares in the company, valued at approximately $236,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis Thomas St sold 23,120 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $10.51, for a total transaction of $242,991.20. Following the sale, the director now owns 164,933 shares in the company, valued at $1,733,445.83. The disclosure for this sale can be found here. 2.84% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in FORM. California State Teachers Retirement System boosted its stake in shares of FormFactor by 18.2% in the second quarter. California State Teachers Retirement System now owns 144,158 shares of the company’s stock valued at $1,296,000 after buying an additional 22,205 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of FormFactor during the second quarter valued at about $5,946,000. Monarch Partners Asset Management LLC boosted its stake in shares of FormFactor by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 31,140 shares of the company’s stock valued at $280,000 after buying an additional 5,840 shares in the last quarter. Strs Ohio acquired a new stake in shares of FormFactor during the second quarter valued at about $175,000. Finally, Bank of Montreal Can acquired a new stake in shares of FormFactor during the second quarter valued at about $183,000. Hedge funds and other institutional investors own 89.46% of the company’s stock.

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