FormFactor (NASDAQ:FORM) Cut to Neutral at B. Riley

B. Riley cut shares of FormFactor (NASDAQ:FORM - Free Report) from a buy rating to a neutral rating in a research report released on Thursday, Marketbeat Ratings reports. They currently have $34.00 price objective on the semiconductor company's stock, down from their prior price objective of $64.00.

Other research analysts have also recently issued reports about the company. Needham & Company LLC cut FormFactor from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, TD Cowen lowered their price objective on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and an average target price of $48.50.

FormFactor Stock Down 6.5 %

FORM traded down $2.49 during trading on Thursday, reaching $35.84. The company had a trading volume of 1,448,182 shares, compared to its average volume of 891,268. The company has a market cap of $2.78 billion, a P/E ratio of 40.27 and a beta of 1.07. FormFactor has a 12 month low of $32.71 and a 12 month high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.94. The business's fifty day moving average price is $42.89 and its 200 day moving average price is $44.03.

FormFactor (NASDAQ:FORM - Get Free Report) last posted 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 net margin of 9.12% and a return on equity of 5.93%. Equities analysts anticipate that FormFactor will post 1.23 EPS for the current year.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the transaction, the chief executive officer now owns 518,531 shares of the company's stock, valued at $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 12,000 shares of company stock worth $496,040. Insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FORM. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 309 shares during the period. Quarry LP lifted its stake in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after buying an additional 523 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after buying an additional 440 shares during the period. IFP Advisors Inc grew its stake in FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after buying an additional 1,609 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 1,181 shares during the period. 98.76% of the stock is currently owned by institutional investors.

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.