Needham & Company LLC Reiterates “Hold” Rating for FormFactor (NASDAQ:FORM)

Needham & Company LLC reissued their hold rating on shares of FormFactor (NASDAQ:FORM) in a research note published on Thursday,Benzinga reports.

A number of other research firms have also weighed in on FORM. TD Cowen decreased their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $64.00 to $34.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, FormFactor currently has an average rating of “Hold” and an average target price of $48.50.

FormFactor Price Performance

FormFactor stock opened at $38.33 on Thursday. The firm has a market capitalization of $2.97 billion, a P/E ratio of 22.03 and a beta of 1.07. FormFactor has a one year low of $32.71 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The business has a fifty day moving average price of $42.98 and a 200-day moving average price of $44.30.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.38% and a net margin of 18.29%. As a group, equities research analysts forecast that FormFactor will post 0.75 EPS for the current year.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 12,000 shares of company stock worth $496,040 in the last 90 days. 0.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On FormFactor

A number of hedge funds have recently modified their holdings of the company. Inceptionr LLC boosted its holdings in shares of FormFactor by 118.9% during the fourth quarter. Inceptionr LLC now owns 11,468 shares of the semiconductor company’s stock worth $505,000 after purchasing an additional 6,229 shares during the period. Raymond James Financial Inc. bought a new position in FormFactor during the 4th quarter valued at approximately $14,222,000. Proficio Capital Partners LLC purchased a new stake in FormFactor in the 4th quarter worth approximately $1,123,000. Charles Schwab Investment Management Inc. grew its position in shares of FormFactor by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company’s stock worth $40,499,000 after buying an additional 34,338 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of FormFactor during the fourth quarter valued at approximately $238,000. Hedge funds and other institutional investors 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.