DA Davidson Starts FormFactor (FORM) at Buy; Speculative Stock on the Doorstep of an Impressive Turnaround
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Price: $131.60 -0.05%
Rating Summary:
7 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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DA Davidson initiates coverage on FormFactor (NASDAQ: FORM) with a Buy. PT $12.00.
Analyst, Thomas Diffely, said, "FormFactor is a leading provider of advanced wafer probe cards, serving the DRAM, Flash and SoC markets. Following the boom years of 2003-2007, a combination of mismanagement and a collapse of the DRAM market led to years of financial losses. However, the new management team has taken the appropriate steps to position the company for a return to profitability as the industry recovers."
Diffely follows up by saying upside potential is 5x more than the downside risk considering the stock currently trades below the net cash value of $5.94, 0.8x tangible book value of $6.87 and (modest) 1.1x price/sales.
For an analyst ratings summary and ratings history on FormFactor click here. For more ratings news on FormFactor click here.
Shares of FormFactor closed at $5.16 yesterday.
Analyst, Thomas Diffely, said, "FormFactor is a leading provider of advanced wafer probe cards, serving the DRAM, Flash and SoC markets. Following the boom years of 2003-2007, a combination of mismanagement and a collapse of the DRAM market led to years of financial losses. However, the new management team has taken the appropriate steps to position the company for a return to profitability as the industry recovers."
Diffely follows up by saying upside potential is 5x more than the downside risk considering the stock currently trades below the net cash value of $5.94, 0.8x tangible book value of $6.87 and (modest) 1.1x price/sales.
For an analyst ratings summary and ratings history on FormFactor click here. For more ratings news on FormFactor click here.
Shares of FormFactor closed at $5.16 yesterday.
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