FormFactor (NASDAQ:FORM) Sets New 12-Month High at $57.05

FormFactor, Inc. (NASDAQ:FORM)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $57.05 and last traded at $56.98, with a volume of 233286 shares trading hands. The stock had previously closed at $56.14.

Analyst Ratings Changes

A number of analysts recently weighed in on FORM shares. B. Riley upped their price objective on shares of FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Craig Hallum lifted their price objective on shares of FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Finally, Evercore ISI started coverage on FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus price target of $47.30.

FormFactor Price Performance

The stock’s 50 day simple moving average is $45.16 and its 200-day simple moving average is $41.08. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 42.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. Equities research analysts anticipate that FormFactor, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, Director Sheri Rhodes sold 13,319 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total transaction of $746,130.38. Following the sale, the director now directly owns 7,634 shares of the company’s stock, valued at $427,656.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other FormFactor news, Director Sheri Rhodes sold 13,319 shares of FormFactor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total value of $746,130.38. Following the completion of the transaction, the director now owns 7,634 shares of the company’s stock, valued at $427,656.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the sale, the chief financial officer now owns 67,141 shares in the company, valued at $2,827,978.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,413 shares of company stock worth $2,484,512. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp Et Al boosted its stake in FormFactor by 368.7% during the 3rd quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock worth $2,927,000 after purchasing an additional 65,889 shares during the last quarter. Lisanti Capital Growth LLC grew its stake in FormFactor by 124.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 166,730 shares of the semiconductor company’s stock valued at $6,954,000 after acquiring an additional 92,405 shares in the last quarter. Dark Forest Capital Management LP lifted its stake in FormFactor by 240.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock worth $826,000 after purchasing an additional 16,702 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of FormFactor by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock valued at $341,007,000 after acquiring an additional 224,599 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of FormFactor by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock valued at $28,501,000 after buying an additional 45,248 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.