FormFactor (NASDAQ:FORM) Stock Price Down 2.1%

FormFactor, Inc. (NASDAQ:FORMGet Free Report)’s stock price traded down 2.1% on Monday . The stock traded as low as $41.83 and last traded at $42.06. 247,920 shares were traded during trading, a decline of 40% from the average session volume of 416,065 shares. The stock had previously closed at $42.95.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $46.00 price target on shares of FormFactor in a research note on Thursday. Finally, TD Cowen increased their price target on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.67.

Read Our Latest Stock Analysis on FORM

FormFactor Stock Down 1.5 %

The stock has a 50 day moving average price of $39.96 and a 200 day moving average price of $36.33. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 40.52 and a beta of 1.17. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORMGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. As a group, analysts forecast that FormFactor, Inc. will post 0.69 EPS for the current year.

Insiders Place Their Bets

In other FormFactor news, Director Dennis Thomas St sold 3,792 shares of FormFactor stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total value of $145,006.08. Following the completion of the sale, the director now directly owns 38,701 shares in the company, valued at $1,479,926.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other FormFactor news, Director Dennis Thomas St sold 3,792 shares of FormFactor stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total value of $145,006.08. Following the completion of the sale, the director now directly owns 38,701 shares in the company, valued at $1,479,926.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rebeca Obregon-Jimenez sold 8,490 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $37.51, for a total value of $318,459.90. Following the sale, the director now owns 11,603 shares of the company’s stock, valued at approximately $435,228.53. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,900 shares of company stock worth $1,119,711. 1.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FORM. Belpointe Asset Management LLC boosted its position in FormFactor by 170.1% in the first quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 684 shares during the last quarter. GAMMA Investing LLC purchased a new position in FormFactor in the fourth quarter worth $55,000. Quadrant Capital Group LLC boosted 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 purchasing an additional 260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in FormFactor in the third quarter worth $70,000. Finally, Tower Research Capital LLC TRC boosted its position in FormFactor by 247.3% in the first quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 1,771 shares during the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

FormFactor Company Profile

(Get Free Report)

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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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