FormFactor, Inc. (NASDAQ:FORM) traded down NaN on Wednesday . The stock traded as low as $15.80 and last traded at $0.00. 3,140,688 shares changed hands during mid-day trading, an increase of Infinity from the average session volume of 0 shares.
Several equities research analysts have weighed in on the stock. B. Riley FBR, Inc. raised their price objective on shares of FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of FormFactor in a research report on Friday, October 27th. DA Davidson restated a “buy” rating and issued a $20.00 price objective on shares of FormFactor in a research report on Thursday, August 31st. B. Riley restated a “buy” rating and issued a $20.00 price objective on shares of FormFactor in a research report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $18.00.
FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. FormFactor had a return on equity of 17.18% and a net margin of 3.68%. The company had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year.
In other FormFactor news, CFO Michael M. Ludwig sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $14.07, for a total transaction of $140,700.00. Following the completion of the sale, the chief financial officer now owns 267,977 shares of the company’s stock, valued at approximately $3,770,436.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Zellner sold 3,725 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $15.26, for a total value of $56,843.50. Following the transaction, the director now owns 63,000 shares in the company, valued at $961,380. The disclosure for this sale can be found here. Insiders have sold a total of 43,725 shares of company stock valued at $623,844 in the last three months. Insiders own 2.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in shares of FormFactor by 8,988.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock worth $1,708,000 after buying an additional 136,266 shares in the last quarter. Alpha Windward LLC bought a new position in shares of FormFactor during the 2nd quarter worth approximately $418,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of FormFactor by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 20,777 shares in the last quarter. Comerica Bank bought a new position in shares of FormFactor during the 2nd quarter worth approximately $1,010,000. Finally, Insight Capital Research & Management Inc. bought a new position in shares of FormFactor during the 2nd quarter worth approximately $368,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
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FormFactor Company Profile
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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