FormFactor (NASDAQ:FORM) Trading Down 6.2% – Time to Sell?

Shares of FormFactor, Inc. (NASDAQ:FORM) fell 6.2% on Tuesday . The company traded as low as $45.57 and last traded at $45.72. 620,461 shares traded hands during trading, an increase of 9% from the average session volume of 568,461 shares. The stock had previously closed at $48.72.

Analyst Upgrades and Downgrades

FORM has been the subject of several analyst reports. DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of FormFactor in a research report on Thursday, August 1st. B. Riley upped their target price on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. TD Cowen raised their price target on FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price objective on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.63.

FormFactor Price Performance

The firm has a market cap of $3.45 billion, a P/E ratio of 33.90 and a beta of 1.11. The firm’s fifty day simple moving average is $45.95 and its 200 day simple moving average is $50.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. The firm had revenue of $197.47 million during the quarter, compared to the consensus estimate of $195.01 million. As a group, analysts forecast that FormFactor, Inc. will post 0.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the transaction, the chief executive officer now owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the transaction, the chief executive officer now owns 523,187 shares in the company, valued at $26,645,913.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the sale, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,770 shares of company stock valued at $854,014 in the last three months. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in FormFactor by 45.9% in the 3rd quarter. Creative Planning now owns 14,884 shares of the semiconductor company’s stock valued at $685,000 after buying an additional 4,684 shares during the period. Inspire Investing LLC raised its stake in shares of FormFactor by 56.7% during the third quarter. Inspire Investing LLC now owns 8,966 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 3,243 shares in the last quarter. CWM LLC boosted its holdings in shares of FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 1,044 shares during the period. GAMMA Investing LLC grew its stake in FormFactor by 49.6% in the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Mirador Capital Partners LP increased its holdings in FormFactor by 0.6% during the 3rd quarter. Mirador Capital Partners LP now owns 110,037 shares of the semiconductor company’s stock worth $5,062,000 after purchasing an additional 672 shares during the period. Hedge funds and other 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.