FormFactor (NASDAQ: FORM) was the subject of a report released Monday in which research analysts at Needham & Company LLC lowered their target price from $45.00 to $35.00. Stock Target Advisor was the source for this information. At present, the company recommends a “buy” investment in the shares of the semiconductor company. Therefore, the company issued this recommendation. According to the price target set by Needham & Company LLC, the stock price could increase by 40.62% from its last closing price.
Other research analysts have also released their findings on the stock in the form of reports. These reports were published on the stock. FormFactor’s previous note that TheStreet, a “b-assigned”, was changed to “c+” in a research note published on September 22. In a report distributed on Tuesday, October 4, B. Riley lowered his “buy” recommendation. on FormFactor stock and their price target on FormFactor stock from $48.00 to $40.00. Both of these figures had previously been pegged at $49.00. In a research report released Thursday, July 28, Citigroup lowered its “buy” rating and price target on FormFactor shares from $45.00 to $42.00 in a research report. Additionally, the target price has been reduced from $45.00 to $42.00. On Wednesday, October 12, FormFactor stock coverage moved from another media outlet to StockNews.com. This change has taken place. They suggested to investors that the best course of action would be to “buy” the stock. Craig Hallum cut his price target on FormFactor shares from $50.00 to $40.00 in a report released Thursday July 28, in a report released Friday July 29. The final and most important adjustment has been made here. After researching the company’s stock, six analysts concluded it should be bought. The current consensus rating for FormFactor is “Buy” and the average price target has been set at $41.29 per share, as reported by Bloomberg.
On Monday, the NASDAQ FORM was trading at $24.89 per share when it opened. The debt ratio is zero, while the quick ratio stands at 2.47 and the current ratio totals 3.37. The company’s current market capitalization is valued at $1.92 billion, while its PE ratio is 18.44 and its beta is 1.27. The company’s moving average over the past 50 days is $29.09 and the company’s moving average over the past 200 days is $34.88. FormFactor’s all-time low and high in the last 52 weeks is $24.26.
On July 27, FormFactor released its latest quarterly earnings report, which was listed under the NASDAQ ticker symbol: FORM. The report was released in the United States. In the semiconductor industry, reported quarterly earnings per share came in at $0.41, $0.05 above the average expectation of $0.36. In its financial statements, FormFactor reported a net margin of 13.38% and a return on equity of 14.43%. The company’s sales for the quarter were $203.9 million, significantly lower than the $203.14 million that industry analysts had predicted. During the same period a year earlier, the company generated earnings per share of $0.30. Each year thereafter, FormFactor’s revenue grew an average of 8.4% more than the previous year. According to estimates provided by sell-side analysts, FormFactor will generate earnings of $1.22 per share in the current fiscal year.
In recent months, several institutional investors, including hedge funds and other types of investment firms, have adjusted the total number of shares they currently hold. The value of BlackRock Inc.’s holdings in FormFactor rose 0.6% in the first three months of 2018. BlackRock Inc. now owns 11,957,592 shares of the company after purchasing an additional 73,354 shares of the semi -drivers during the last quarter for a total value of $502,578,000. The transaction took place during the last quarter. In the first three months of this year, Vanguard Group Inc. increased the percentage of FormFactor shares held by 0.8%. The Vanguard Group Inc. increased the semiconductor company’s total stock count to 8,774,865 by purchasing an additional 65,763 shares over the past three months. The total value of these shares is $368,808,000. In the first three months of this year, Dimensional Fund Advisors LP saw a 0.9% increase in the number of FormFactor shares held in its portfolio. Following the acquisition of 25,143 shares in the last quarter, Dimensional Fund Advisors LP now owns 2,816,487 shares of the semiconductor company valued at $118,379,000. Dimensional Fund Advisors LP has a long history of investing in the semiconductor industry. These shares were acquired during the last fiscal quarter. During the second quarter, State Street Corporation’s ownership interest in FormFactor as a percentage of its total holdings increased by 1%. State Street Corp now owns 2,607,152 of those shares in total. In the first three months of this year, Bank of America Corp DE increased the number of FormFactor shares held by 7.1%, making it the last and most important point. There are now 2,580,619 shares in the semiconductor sector held by Bank of America Corp. OF. These shares are valued at a total of $108,464,000. This was made possible by the purchase of an additional 171,030 shares during the last quarter of the company’s fiscal year. Shares in the company are collectively owned by hedge funds and other institutional investors at 95.84% of the total.
FormFactor, Inc., in the semiconductor industry, mainly focuses on the design, production and distribution of probe cards, analytical probes, probe stations, metrology systems, thermal systems and cryogenic systems as main areas of expertise. Additionally, the Company provides services related to the semiconductor industry. The terms “probe cards” and “systems” designate the two distinct parts of the device. Analytical probes manufactured by this company are used in a variety of applications including device characterization, electrical testing, and evaluation of a wide variety of semiconductor device types. In addition to radio frequency, analog, mixed-signal, image sensor, electro-optical, dynamic random access memory, NAND flash, and NOR flash memory devices, the types of semiconductor devices that fall into this category include systems on chip, mobile application processors, microprocessors, microcontrollers and graphics processors.