Equities researchers at Needham & Company increased their target price on shares of FormFactor (NASDAQ: FORM) from $7.00 to $8.00 in a report issued on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock.
Shares of FormFactor (NASDAQ: FORM) traded down 4.03% during mid-day trading on Thursday, hitting $4.76. FormFactor has a one year low of $3.70 and a one year high of $6.92. The stock’s 50-day moving average is currently $4.7. The company’s market cap is $256.8 million.
FormFactor (NASDAQ: FORM) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.05. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $51.68 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. The company’s quarterly revenue was up 51.1% on a year-over-year basis. Analysts expect that FormFactor will post $-0.33 EPS for the current fiscal year.
FormFactor, Inc. (NASDAQ: FORM) designs, develops, manufactures, sells and supports precision semiconductor wafer probe cards.