FormFactor (NASDAQ:FORM) Shares Gap Up to $48.78

FormFactor, Inc. (NASDAQ:FORM)’s share price gapped up before the market opened on Friday . The stock had previously closed at $48.78, but opened at $50.09. FormFactor shares last traded at $49.39, with a volume of 14,196 shares traded.

Wall Street Analyst Weigh In

FORM has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of FormFactor in a report on Thursday, August 1st. DA Davidson raised their price objective on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. B. Riley boosted their price objective on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Stifel Nicolaus upped their price target on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.63.

FormFactor Trading Down 0.0 %

The stock has a market cap of $3.77 billion, a P/E ratio of 36.95 and a beta of 1.12. The stock’s 50-day moving average is $53.50 and its two-hundred day moving average is $50.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.67.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. Equities research analysts anticipate that FormFactor, Inc. will post 0.72 EPS for the current year.

Insider Buying and Selling at FormFactor

In related news, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the sale, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the sale, the director now directly owns 12,970 shares of the company’s stock, valued at $543,961.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the sale, the chief executive officer now directly owns 523,187 shares of the company’s stock, valued at $26,645,913.91. The disclosure for this sale can be found here. Insiders sold 14,770 shares of company stock worth $723,654 in the last quarter. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in shares of FormFactor by 2.8% during the 4th quarter. California Public Employees Retirement System now owns 156,477 shares of the semiconductor company’s stock worth $6,527,000 after purchasing an additional 4,190 shares during the period. New York State Common Retirement Fund grew its stake in shares of FormFactor by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 35,482 shares of the semiconductor company’s stock valued at $1,480,000 after buying an additional 3,545 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of FormFactor by 142.7% in the fourth quarter. Russell Investments Group Ltd. now owns 97,327 shares of the semiconductor company’s stock worth $4,060,000 after buying an additional 57,233 shares during the period. Lisanti Capital Growth LLC lifted its stake in shares of FormFactor by 124.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 166,730 shares of the semiconductor company’s stock worth $6,954,000 after acquiring an additional 92,405 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in FormFactor by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 825,473 shares of the semiconductor company’s stock valued at $34,430,000 after acquiring an additional 9,757 shares during the period. 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.