FormFactor (NASDAQ:FORM) Sets New 1-Year Low – What’s Next?

FormFactor, Inc. (NASDAQ:FORM) shares hit a new 52-week low during trading on Thursday . The company traded as low as $29.76 and last traded at $30.10, with a volume of 96485 shares trading hands. The stock had previously closed at $30.49.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FORM shares. Stifel Nicolaus decreased their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Evercore ISI decreased their price target on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and an average price target of $48.50.

FormFactor Stock Performance

The stock’s 50-day simple moving average is $35.45 and its 200-day simple moving average is $40.59. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 32.18 and a beta of 1.07. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. Analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares in the company, valued at $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.96% of the stock is owned by insiders.

Institutional Trading of FormFactor

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in FormFactor during the fourth quarter worth $27,000. Advisors Asset Management Inc. raised its holdings in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after buying an additional 309 shares in the last quarter. Quarry LP lifted its position in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after buying an additional 523 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new stake in FormFactor in the fourth quarter valued at about $43,000. Finally, Manchester Capital Management LLC boosted its stake in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 440 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

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.