The stock of FormFactor, Inc. (NASDAQ:FORM) hit a new 52-week high and has $13.81 target or 23.00% above today’s $11.23 share price. The 9 months bullish chart indicates low risk for the $805.30 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $13.81 price target is reached, the company will be worth $185.22 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 613,427 shares traded hands or 60.14% up from the average. FormFactor, Inc. (NASDAQ:FORM) has risen 47.38% since April 15, 2016 and is uptrending. It has outperformed by 42.75% the S&P500.
FormFactor, Inc. (NASDAQ:FORM) Ratings Coverage
Out of 4 analysts covering FormFactor (NASDAQ:FORM), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. FormFactor has been the topic of 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Needham maintained the shares of FORM in a report on Friday, October 9 with “Buy” rating. The firm has “Neutral” rating given on Wednesday, March 30 by Stifel Nicolaus. The firm earned “Neutral” rating on Tuesday, March 15 by Citigroup. The stock of FormFactor, Inc. (NASDAQ:FORM) earned “Hold” rating by Zacks on Monday, August 10. The company was initiated on Thursday, September 22 by Craig Hallum. Stifel Nicolaus upgraded FormFactor, Inc. (NASDAQ:FORM) on Tuesday, August 2 to “Buy” rating. The stock of FormFactor, Inc. (NASDAQ:FORM) earned “Buy” rating by Needham on Monday, June 27. On Monday, August 17 the stock rating was downgraded by Zacks to “Hold”.
According to Zacks Investment Research, “Formfactor Inc designs, develops, manufactures, sells and supports precision, high performance advanced semiconductor wafer probe cards. Their products are based on proprietary technology, including its MicroSpring interconnect technology, which enables FormFactor to produce wafer probe cards for test applications that require reliability, speed, precision and signal integrity. FormFactor is headquartered in Livermore, California.”
Insitutional Activity: The institutional sentiment increased to 1.9 in 2016 Q2. Its up 0.80, from 1.1 in 2016Q1. The ratio improved, as 19 funds sold all FormFactor, Inc. shares owned while 22 reduced positions. 25 funds bought stakes while 53 increased positions. They now own 61.81 million shares or 13.41% more from 54.50 million shares in 2016Q1.
Grandeur Peak Glob Advsrs Limited Liability Corporation holds 441,567 shares or 0.64% of its portfolio. Tygh Mgmt accumulated 499,807 shares or 1.26% of the stock. The New York-based New York State Common Retirement Fund has invested 0.01% in FormFactor, Inc. (NASDAQ:FORM). State Board Of Administration Of Florida Retirement Sys accumulated 0% or 65,911 shares. Stevens Capital Mgmt L P, a Pennsylvania-based fund reported 18,388 shares. Koch Inc holds 109,305 shares or 4.41% of its portfolio. Barclays Plc, a United Kingdom-based fund reported 160,814 shares. Allianz Asset Mgmt Ag owns 345,376 shares or 0% of their US portfolio. California Pub Employees Retirement Sys owns 48,592 shares or 0% of their US portfolio. California State Teachers Retirement Systems, a California-based fund reported 144,158 shares. Da Davidson And accumulated 446,150 shares or 0.12% of the stock. Grp owns 39,576 shares or 0% of their US portfolio. Sei Invests accumulated 8,526 shares or 0% of the stock. Systematic Financial Mgmt Lp has 0.09% invested in the company for 754,631 shares. Frontier Cap Mgmt Limited Liability Com holds 0.17% of its portfolio in FormFactor, Inc. (NASDAQ:FORM) for 2.35 million shares.
Insider Transactions: Since May 31, 2016, the stock had 2 insider purchases, and 4 selling transactions for $364,313 net activity. $17,900 worth of FormFactor, Inc. (NASDAQ:FORM) shares were bought by LINK RAYMOND A. $242,896 worth of FormFactor, Inc. (NASDAQ:FORM) shares were sold by St Dennis Thomas. On Tuesday, May 31 the insider LUDWIG MICHAEL M sold $27,055. $24,923 worth of FormFactor, Inc. (NASDAQ:FORM) was sold by SLESSOR MIKE. $107,375 worth of FormFactor, Inc. (NASDAQ:FORM) was sold by DeLateur Richard.
More notable recent FormFactor, Inc. (NASDAQ:FORM) news were published by: Fool.com which released: “Why FormFactor, Inc. Fell 17% in October” on November 11, 2016, also Fool.com with their article: “Here’s Why FormFactor, Inc. Is Tumbling Today” published on October 28, 2016, Fool.com published: “FormFactor, Inc. Bounces Back” on August 04, 2016. More interesting news about FormFactor, Inc. (NASDAQ:FORM) were released by: Fool.com and their article: “FormFactor Inc Has a Lot to Prove on Aug. 2” published on July 24, 2016 as well as Fool.com‘s news article titled: “FormFactor Inc. Braces for an Ugly Quarter” with publication date: April 20, 2016.
FORM Company Profile
FormFactor, Inc., incorporated on April 15, 1993, designs, develops, makes, sells and supports semiconductor probe card products. The Firm is a supplier of probe cards to the manufacturers of dynamic random-access memory (DRAM), flash memory devices, microprocessor, chipset and other system on chip (SoC) devices. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort), which is the testing of the semiconductor die, or chips. The Company’s products utilize a range of technologies, including micro-electromechanical systems (MEMS) technologies, automation systems, various product architectures and design tools. The Company’s MEMS technologies enable manufacturing of multi-material composite spring-like electrically-conductive contact elements. These contact elements, such as its MicroSpring contacts, optimize the relative amounts of force on, and across, a chip’s bond pad, solder bump, or copper pillar during the test process, and maintain their shape and position over a range of compression. The Company’s product and technology names include Apollo, ATRE, DC-Boost, Matrix, MicroProbe, the MicroProbe logo, MicroSpring, Mx-FinePitch, OneTouch, QiLin, RapidSoak, SmartMatrix, SMART Matrix 100, TouchMatrix, Takumi, TRE, TrueScale and TrueScale Lite, Vector, Vx-MP and Vx-RF. The Company’s technologies enable probe cards to be populated with over 100,000 contact elements, with contact element spacing of approximately 40 microns, distributed over extents of 300 millimeters (mm).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.