Somewhat Positive News Coverage Somewhat Unlikely to Affect FormFactor (FORM) Stock Price
Media coverage about FormFactor (NASDAQ:FORM) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FormFactor earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.1793753375843 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Checklist Tech Stock – FormFactor, Inc. (FORM) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Cannell Peter B & Company Has Lifted Ball (BLL) Position By $5.81 Million; 6 Analysts Are Bullish FormFactor, Inc … – Hill Country Times (hillcountrytimes.com)
- Stocks To Watch: Formfactor Sees RS Rating Jump To 85 (finance.yahoo.com)
- Brokerages Anticipate FormFactor, Inc. (FORM) Will Announce Quarterly Sales of $129.98 Million (americanbankingnews.com)
- Consolidated Research: 2018 Summary Expectations for Pieris Pharmaceuticals, Cincinnati Bell, FormFactor, Belden, Watts Water Technologies, and Anixter International — Fundamental Analysis, Key Performance Indications (finance.yahoo.com)
Several research analysts have issued reports on FORM shares. Needham & Company LLC upgraded FormFactor from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $20.00 to $22.00 in a report on Thursday, December 14th. Citigroup increased their price target on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, B. Riley increased their price target on FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. FormFactor has a consensus rating of “Buy” and an average price target of $18.63.
FormFactor (NASDAQ:FORM) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The business had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same period last year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. equities analysts predict that FormFactor will post 1.04 EPS for the current fiscal year.
In related news, CFO Michael M. Ludwig sold 16,845 shares of FormFactor stock in a transaction on Monday, November 13th. The stock was sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the sale, the chief financial officer now owns 241,132 shares of the company’s stock, valued at $4,219,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Delateur sold 15,000 shares of FormFactor stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total value of $265,350.00. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $442,250. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Affect FormFactor (FORM) Stock Price” was posted by Marea Informative and is the property of of Marea Informative. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.mareainformativa.com/2018/01/06/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-formfactor-form-stock-price.html.
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.
Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.