FormFactor (NASDAQ:FORM) Hits New 1-Year Low - What's Next?

Shares of FormFactor, Inc. (NASDAQ:FORM - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $30.22 and last traded at $30.74, with a volume of 924404 shares trading hands. The stock had previously closed at $32.86.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FORM shares. Evercore ISI decreased their price objective on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus decreased their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and lowered their target price for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, FormFactor has an average rating of "Hold" and a consensus target price of $48.50.

FormFactor Price Performance

The company has a 50-day moving average of $38.78 and a 200-day moving average of $41.90. 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 capitalization of $2.38 billion, a price-to-earnings ratio of 34.54 and a beta of 1.07.

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FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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%. As a group, research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the transaction, the chief executive officer now owns 522,531 shares of the company's stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FORM. Public Employees Retirement System of Ohio bought a new stake in FormFactor during the 4th quarter worth about $27,000. Advisors Asset Management Inc. raised its holdings 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 acquiring an additional 309 shares in the last quarter. Quarry LP boosted its position in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 523 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in FormFactor in the fourth quarter valued at approximately $43,000. Finally, Manchester Capital Management LLC increased its position 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 purchasing an additional 440 shares during the last quarter. 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.

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