FormFactor (NASDAQ:FORM) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of FormFactor (NASDAQ:FORM - Free Report) in a research report report published on Thursday,Benzinga reports.

Several other equities analysts also recently issued reports on FORM. TD Cowen cut their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and cut their price target for the company from $64.00 to $34.00 in a report on Thursday. Finally, Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $48.50.

FormFactor Price Performance

NASDAQ:FORM traded down $0.14 during trading hours on Thursday, reaching $35.71. The company had a trading volume of 311,389 shares, compared to its average volume of 941,652. The company has a quick ratio of 3.94, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $42.89 and a two-hundred day moving average of $43.94. FormFactor has a one year low of $32.71 and a one year high of $63.63. The firm has a market capitalization of $2.77 billion, a PE ratio of 40.12 and a beta of 1.07.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. Analysts forecast that FormFactor will post 1.23 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 12,000 shares of company stock valued at $496,040 over the last ninety days. Insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On FormFactor

Several hedge funds have recently bought and sold shares of FORM. Royce & Associates LP increased its position in shares of FormFactor by 30.1% in the 4th quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company's stock valued at $77,312,000 after buying an additional 406,768 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of FormFactor in the fourth quarter worth about $14,222,000. New York State Common Retirement Fund raised its position in shares of FormFactor by 876.0% during the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company's stock worth $14,876,000 after purchasing an additional 290,254 shares during the period. Channing Capital Management LLC lifted its holdings in shares of FormFactor by 10.3% during the 4th quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company's stock valued at $67,225,000 after purchasing an additional 142,776 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its position in shares of FormFactor by 29.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company's stock valued at $26,988,000 after purchasing an additional 134,170 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

About FormFactor

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.