Barclays Lifts FY12 Estimates on FormFactor (FORM); Strength in Memory

Barclays maintains an 'Equalweight' on FormFactor (NASDAQ: FORM) price target of $6.00.

Analyst, C. J. Muse, said, "On the positive side, investments in mobile DRAM and Flash are accelerating, and FORM's steady reduction in product leadtimes is contributing to design wins. On the negative side, the extent to which the 2Q revenue upside represents a pull-in from 3Q remains unclear, and 2H12 PC/server end demand remains uncertain."

Muse adjusts FY12 estimates from (0.85)/$190 mln to (0.80)/$198 mln. Maintains FY13 estimates at (0.45)/$224 mln.

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 $6.13 yesterday.

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