Craig Hallum initiated coverage on shares of FormFactor Inc. (NASDAQ:FORM) in a research report released on Thursday morning. The brokerage issued a buy rating on the stock.

Several other brokerages also recently issued reports on FORM. Stifel Nicolaus upgraded shares of FormFactor from a hold rating to a buy rating and set a $13.00 price objective on the stock in a research note on Tuesday, August 2nd. Needham & Company LLC restated a buy rating and issued a $13.00 price objective (up previously from $11.00) on shares of FormFactor in a research note on Wednesday, August 3rd. Citigroup Inc. raised their price objective on shares of FormFactor from $8.25 to $10.00 and gave the stock a neutral rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of FormFactor from a strong sell rating to a hold rating in a research note on Tuesday, May 31st. Finally, TheStreet upgraded shares of FormFactor from a hold rating to a buy rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. FormFactor currently has a consensus rating of Buy and a consensus price target of $11.80.

FormFactor (NASDAQ:FORM) traded down 1.40% during mid-day trading on Thursday, hitting $10.55. 85,642 shares of the company were exchanged. The stock’s 50 day moving average is $10.23 and its 200-day moving average is $8.56. FormFactor has a 12-month low of $6.15 and a 12-month high of $11.19. The company has a market cap of $744.46 million, a price-to-earnings ratio of 31.31 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. FormFactor had a net margin of 7.27% and a return on equity of 0.11%. The company had revenue of $83.10 million for the quarter, compared to analyst estimates of $78.23 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 55.0% compared to the same quarter last year. Equities research analysts predict that FormFactor will post $0.47 EPS for the current year.

In other FormFactor news, Director Dennis Thomas St sold 23,120 shares of FormFactor stock in a transaction on Friday, August 5th. The stock was sold at an average price of $10.51, for a total transaction of $242,991.20. Following the completion of the transaction, the director now directly owns 164,933 shares of the company’s stock, valued at $1,733,445.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Delateur sold 10,000 shares of FormFactor stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $10.74, for a total value of $107,400.00. Following the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at $236,280. The disclosure for this sale can be found here. Company insiders own 2.84% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new position in shares of FormFactor during the second quarter worth about $1,935,000. Legal & General Group Plc boosted its position in shares of FormFactor by 11.5% in the second quarter. Legal & General Group Plc now owns 11,805 shares of the company’s stock worth $105,000 after buying an additional 1,222 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of FormFactor by 16.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 47,569 shares of the company’s stock worth $428,000 after buying an additional 6,733 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of FormFactor during the second quarter worth about $543,000. Finally, CNH Partners LLC bought a new position in shares of FormFactor during the second quarter worth about $136,000. 89.46% of the stock is owned by institutional investors.

FormFactor Company Profile

FormFactor, Inc designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is a supplier of probe cards to the manufacturers of dynamic random-access memory (DRAM), flash memory devices, microprocessor, chipset and other system on chip (SoC) devices. Semiconductor manufacturers use its probe cards to perform wafer test, which is the testing of the semiconductor die, or chips.

5 Day Chart for NASDAQ:FORM

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