FormFactor (NASDAQ:FORM) Trading Down 4%

FormFactor, Inc. (NASDAQ:FORM)’s share price traded down 4% during trading on Monday . The stock traded as low as $57.97 and last traded at $58.11. 46,537 shares were traded during mid-day trading, a decline of 91% from the average session volume of 519,362 shares. The stock had previously closed at $60.53.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Evercore ISI assumed coverage on FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price on the stock. Stifel Nicolaus boosted their target price on FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Citigroup boosted their target price on FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Craig Hallum boosted their target price on FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, B. Riley upped their price target on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.30.

FormFactor Stock Performance

The stock has a market capitalization of $4.70 billion, a P/E ratio of 46.16 and a beta of 1.11. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $55.38 and a 200-day moving average price of $46.80.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The firm had revenue of $168.73 million for the quarter, compared to analysts’ expectations of $165.45 million. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. On average, sell-side analysts expect that FormFactor, Inc. will post 0.72 EPS for the current year.

Insider Activity at FormFactor

In related news, Director Sheri Rhodes sold 13,319 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the sale, the director now owns 7,634 shares in the company, valued at $427,656.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other FormFactor news, Director Sheri Rhodes sold 13,319 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total value of $746,130.38. Following the completion of the sale, the director now owns 7,634 shares in the company, valued at $427,656.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $59.00, for a total value of $236,000.00. Following the completion of the sale, the chief executive officer now owns 487,581 shares of the company’s stock, valued at approximately $28,767,279. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,536 shares of company stock worth $2,075,394. 0.96% of the stock is owned by insiders.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its position in FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after buying an additional 260 shares in the last quarter. GAMMA Investing LLC increased its position in FormFactor by 21.8% in the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after buying an additional 406 shares in the last quarter. Swiss National Bank boosted its stake in shares of FormFactor by 0.4% in the first quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock worth $7,009,000 after acquiring an additional 600 shares during the period. Riverview Trust Co bought a new position in shares of FormFactor in the first quarter worth about $28,000. Finally, Blue Trust Inc. boosted its stake in shares of FormFactor by 18.5% in the fourth quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock worth $220,000 after acquiring an additional 824 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.