FormFactor (NASDAQ:FORM) Shares Down 5.1% – Should You Sell?

FormFactor, Inc. (NASDAQ:FORM)’s stock price dropped 5.1% on Tuesday . The stock traded as low as $31.79 and last traded at $31.18. Approximately 35,474 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 884,649 shares. The stock had previously closed at $32.86.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Evercore ISI cut their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Finally, Stifel Nicolaus lowered their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.50.

FormFactor Trading Down 6.6 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The firm has a market cap of $2.38 billion, a P/E ratio of 34.60 and a beta of 1.07. The firm has a 50 day simple moving average of $39.05 and a 200 day simple moving average of $42.05.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, equities research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. grew its stake in shares of FormFactor by 5.5% during the fourth quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock valued at $242,000 after buying an additional 288 shares during the last quarter. Advisors Asset Management Inc. grew its position in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares during the last quarter. Aviva PLC increased its stake in FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock worth $649,000 after purchasing an additional 331 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of FormFactor by 5.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 400 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in shares of FormFactor by 7.4% in the third quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 415 shares during the last quarter. 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.