Somewhat Positive Press Coverage Somewhat Unlikely to Affect FormFactor (NASDAQ:FORM) Stock Price
Headlines about FormFactor (NASDAQ:FORM) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FormFactor earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 47.7380821879314 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern’s rankings:
- FormFactor, Inc. (FORM) Expected to Post Quarterly Sales of $133.36 Million (americanbankingnews.com)
- $0.24 EPS Expected for FormFactor, Inc. (NASDAQ:FORM) This Quarter (americanbankingnews.com)
- Regeneron Pharmaceuticals’ (NASDAQ:REGN) Market Perform Rating Reiterated at BMO Capital Markets (expressnewsline.com)
- FormFactor, Inc. breached its 50 day moving average in a Bullish Manner : FORM-US : August 4, 2017 (finance.yahoo.com)
- FormFactor, Inc. (FORM) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
FORM has been the subject of a number of research reports. Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Monday, May 8th. ValuEngine upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of FormFactor in a research report on Thursday, June 22nd. Sidoti restated a “buy” rating and set a $18.00 target price (up previously from $15.00) on shares of FormFactor in a research report on Wednesday, June 14th. Finally, BidaskClub upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. FormFactor has an average rating of “Buy” and an average price target of $16.38.
FormFactor (NASDAQ:FORM) traded up 3.875% during trading on Monday, hitting $14.075. 229,939 shares of the stock were exchanged. FormFactor has a 12-month low of $8.55 and a 12-month high of $15.58. The stock’s 50-day moving average price is $12.96 and its 200-day moving average price is $12.42. The firm’s market cap is $1.02 billion.
FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.28 by $0.12. FormFactor had a negative net margin of 1.32% and a positive return on equity of 15.85%. The company had revenue of $144 million during the quarter, compared to analysts’ expectations of $134.53 million. During the same period last year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 73.3% on a year-over-year basis. On average, equities analysts expect that FormFactor will post $1.20 EPS for the current year.
In other FormFactor news, Director Dennis Thomas St sold 62,088 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $13.77, for a total value of $854,951.76. Following the completion of the transaction, the director now directly owns 184,933 shares in the company, valued at $2,546,527.41. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward Rogas, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $13.90, for a total transaction of $83,400.00. Following the completion of the transaction, the director now owns 56,000 shares of the company’s stock, valued at $778,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 399,083 shares of company stock valued at $5,749,928. Corporate insiders own 2.84% of the company’s stock.
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FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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