Stifel Nicolaus Increases FormFactor (NASDAQ:FORM) Price Target to $42.00

FormFactor (NASDAQ:FORM) had its target price hoisted by Stifel Nicolaus from $36.00 to $42.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a hold rating on the semiconductor company’s stock.

A number of other equities analysts also recently weighed in on the stock. TD Cowen raised their target price on shares of FormFactor from $33.00 to $37.00 and gave the company a market perform rating in a research note on Thursday, February 8th. Evercore ISI started coverage on FormFactor in a research note on Tuesday, April 16th. They set an in-line rating and a $50.00 price objective for the company. StockNews.com cut FormFactor from a buy rating to a hold rating in a research note on Friday, April 19th. Needham & Company LLC reaffirmed a buy rating and issued a $46.00 price target on shares of FormFactor in a research report on Thursday, February 8th. Finally, TheStreet raised shares of FormFactor from a c rating to a b- rating in a research report on Thursday, February 8th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, FormFactor currently has a consensus rating of Hold and a consensus price target of $47.30.

FormFactor Trading Up 4.3 %

NASDAQ FORM opened at $54.00 on Tuesday. The firm has a market capitalization of $4.18 billion, a PE ratio of 40.91 and a beta of 1.15. The stock’s 50 day moving average is $44.07 and its 200 day moving average is $40.44. FormFactor has a twelve month low of $24.88 and a twelve month high of $54.27. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a net margin of 15.48% and a return on equity of 2.33%. Research analysts forecast that FormFactor will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In other FormFactor 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 value of $421,200.00. Following the completion of the sale, 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 SEC, which is available at the SEC website. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the transaction, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The disclosure for this sale can be found here. Insiders sold 32,000 shares of company stock valued at $1,398,580 over the last three months. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

A number of hedge funds have recently modified their holdings of the business. Tudor Investment Corp Et Al lifted its position in FormFactor by 368.7% during the third quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after purchasing an additional 65,889 shares in the last quarter. Dark Forest Capital Management LP grew its stake in shares of FormFactor by 240.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock valued at $826,000 after acquiring an additional 16,702 shares during the period. Vanguard Group Inc. increased its holdings in FormFactor by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after acquiring an additional 224,599 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in FormFactor by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock worth $28,501,000 after acquiring an additional 45,248 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in FormFactor during the third quarter valued at approximately $301,000. Institutional investors own 98.76% of the company’s stock.

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.