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

FormFactor, Inc. (NASDAQ:FORM - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $25.66 and last traded at $25.89, with a volume of 236172 shares changing hands. The stock had previously closed at $28.73.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price objective 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 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. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Evercore ISI dropped their price target on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.50.

FormFactor Stock Performance

The stock has a 50 day simple moving average of $32.95 and a 200 day simple moving average of $39.59. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 26.05 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) 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, analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the transaction, the chief executive officer now owns 514,650 shares of the company's stock, valued at $14,533,716. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FORM. Rhumbline Advisers boosted its stake in FormFactor by 3.8% in the first quarter. Rhumbline Advisers now owns 220,192 shares of the semiconductor company's stock valued at $6,229,000 after acquiring an additional 8,121 shares during the period. GAMMA Investing LLC lifted its holdings in shares of FormFactor by 4,208.8% in the 1st quarter. GAMMA Investing LLC now owns 149,343 shares of the semiconductor company's stock worth $4,225,000 after purchasing an additional 145,877 shares during the last quarter. Versant Capital Management Inc grew its stake in FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after buying an additional 861 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FormFactor by 11.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,720 shares of the semiconductor company's stock valued at $340,000 after acquiring an additional 822 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of FormFactor during the fourth quarter worth about $27,000. 98.76% of the stock is owned by institutional investors and hedge funds.

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.