FormFactor (NASDAQ:FORM) Reaches New 1-Year Low - Should You Sell?

Shares of FormFactor, Inc. (NASDAQ:FORM - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.76 and last traded at $30.10, with a volume of 96485 shares trading hands. The stock had previously closed at $30.49.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. 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 report on Monday, January 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus reduced their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Finally, Evercore ISI lowered their price objective on shares of FormFactor from $50.00 to $43.00 and set an "in-line" 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 assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $48.50.

FormFactor Stock Down 1.2 %

The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The firm's fifty day moving average is $35.45 and its 200 day moving average is $40.56. The stock has a market cap of $2.19 billion, a P/E ratio of 31.79 and a beta of 1.07.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly 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%. As a group, equities research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares in the company, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.96% of the company's stock.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 309 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in FormFactor by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company's stock worth $40,761,000 after purchasing an additional 32,889 shares during the last quarter. Citigroup Inc. grew its holdings in shares of FormFactor by 59.4% in the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company's stock valued at $4,867,000 after acquiring an additional 39,419 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of FormFactor by 27.3% in the 3rd quarter. Cerity Partners LLC now owns 20,715 shares of the semiconductor company's stock valued at $953,000 after buying an additional 4,438 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of FormFactor by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,850 shares of the semiconductor company's stock valued at $2,063,000 after acquiring an additional 1,457 shares during the period. 98.76% of the stock is 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.