FormFactor (FORM) is Initiated by Craig Hallum to Buy

FormFactor (FORM) was Initiated by Craig Hallum to “Buy”. Craig Hallum advised their investors in a research report released on Sep 22, 2016.

Many Wall Street Analysts have commented on FormFactor. Stifel Upgraded FormFactor on Aug 2, 2016 to ” Buy”, Price Target of the shares are set at $13.

On the company’s financial health, FormFactor reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.10. The company had revenue of $83.10 million for the quarter, compared to analysts expectations of $77.99 million. The company’s revenue was up 55.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

FormFactor opened for trading at $9.31 and hit $9.34 on the upside on Tuesday, eventually ending the session at $9.31, with a gain of 1.20% or 0.11 points. The heightened volatility saw the trading volume jump to 6,00,116 shares. Company has a market cap of $657 M.

In a different news, on Aug 23, 2016, Richard Delateur (director) sold 10,000 shares at $10.74 per share price. According to the SEC, on Aug 11, 2016, Raymond A Link (director) purchased 2,000 shares at $10.02 per share price. On Aug 9, 2016, Dennis Thomas St (director) sold 23,120 shares at $10.51 per share price, according to the Form-4 filing with the securities and exchange commission.

FormFactor Inc. designs develops manufactures sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM Flash and SoCs products across the world. 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. Its products are based on its technologies including its micro-electromechanical systems (MEMS) technologies its automation systems its various product architectures and its design tools. The applications of these products include customer collaboration consumer integrated circuits (ICs) mobile ICs automative ICs computing ICs and publications. The Company operates under the brands FormFactor the FormFactor logo Apollo ATRE DC-Boost Matrix MicroProbe the MicroProbe logo MicroSpring Mx-FinePitch OneTouch QiLin RapidSoak SmartMatrix SMART Matrix 100 TouchMatrix Takumi and TrueScale Lite among others.


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