FormFactor (NASDAQ:FORM) Sets New 52-Week Low – What’s Next?

FormFactor, Inc. (NASDAQ:FORM)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $32.46 and last traded at $33.40, with a volume of 105346 shares changing hands. The stock had previously closed at $32.96.

Wall Street Analysts Forecast Growth

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

FormFactor Stock Up 1.0 %

The company’s 50 day moving average price is $40.78 and its two-hundred day moving average price is $42.82. The firm has a market cap of $2.58 billion, a PE ratio of 37.42 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 released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, equities research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 12,000 shares of company stock worth $496,040. Insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in FormFactor during the fourth quarter valued at $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in FormFactor by 45.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 164,585 shares of the semiconductor company’s stock valued at $7,242,000 after purchasing an additional 51,487 shares in the last quarter. Vident Advisory LLC lifted its holdings in FormFactor by 21.5% during the fourth quarter. Vident Advisory LLC now owns 6,140 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 1,088 shares in the last quarter. Soviero Asset Management LP purchased a new position in FormFactor during the fourth quarter valued at $3,256,000. Finally, State of Wyoming lifted its holdings in FormFactor by 214.6% during the fourth quarter. State of Wyoming now owns 9,680 shares of the semiconductor company’s stock valued at $426,000 after purchasing an additional 6,603 shares in the last quarter. Institutional investors and hedge funds 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.