FormFactor (NASDAQ:FORM) Shares Down 6.2% – Should You Sell?

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

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen upped their price target on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. B. Riley raised their price objective on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. DA Davidson upped their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price target on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $59.63.

FormFactor Price Performance

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 quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.45 billion, a PE ratio of 33.90 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $197.47 million during the quarter, compared to analyst estimates of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. On average, research analysts forecast that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of FormFactor

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