FormFactor (NASDAQ:FORM) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, Market Beat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.58.
A number of analysts have recently weighed in on FORM shares. Analysts at Needham & Company LLC lowered their price target on shares of FormFactor from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday. Analysts at Zacks downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Analysts at Citigroup Inc. raised their price target on shares of FormFactor from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, analysts at B. Riley reiterated a “buy” rating and set a $10.50 price target on shares of FormFactor in a research note on Thursday, April 30th.
In other FormFactor news, Chairman Dennis Thomas St sold 130,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $8.91, for a total transaction of $1,158,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael M. Ludwig sold 7,954 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $8.28, for a total transaction of $65,859.12. The disclosure for this sale can be found here.
FormFactor (NASDAQ:FORM) traded down 6.13% on Tuesday, hitting $6.89. 783,724 shares of the company’s stock traded hands. FormFactor has a 52-week low of $5.83 and a 52-week high of $10.29. The stock has a 50-day moving average of $8.94 and a 200-day moving average of $8.84. The company’s market cap is $396.74 million.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $70.82 million for the quarter, compared to the consensus estimate of $68.12 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts predict that FormFactor will post $0.49 earnings per share for the current fiscal year.
FormFactor, Inc. designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM, Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (NASDAQ:FORM), which is the testing of the semiconductor die, or chips. Its products are based on its technologies, including its micro-electromechanical systems (MEMS) technologies, its automation systems, its various product architectures and its design tools. The applications of these products include customer collaboration, consumer integrated circuits (ICs), mobile ICs, automative ICs, computing ICs and publications. The Company operates under the brands FormFactor, the FormFactor logo, Apollo, ATRE, DC-Boost, Matrix, MicroProbe, the MicroProbe logo, MicroSpring, Mx-FinePitch, OneTouch, QiLin, RapidSoak, SmartMatrix, SMART Matrix 100, TouchMatrix, Takumi and TrueScale Lite, among others.