FormFactor (NASDAQ:FORM) Shares Gap Up - Should You Buy?

FormFactor, Inc. (NASDAQ:FORM - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $42.88, but opened at $44.47. FormFactor shares last traded at $44.91, with a volume of 284,594 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. TD Cowen dropped 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. Needham & Company LLC dropped their price target on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $55.38.

FormFactor Stock Up 7.0 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The firm has a 50-day moving average of $41.99 and a 200 day moving average of $47.88. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 26.36 and a beta of 1.12.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in shares of FormFactor by 5.1% during the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company's stock worth $18,940,000 after acquiring an additional 18,810 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in FormFactor by 7.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company's stock worth $2,200,000 after purchasing an additional 3,426 shares during the period. Geode Capital Management LLC increased its holdings in shares of FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock valued at $95,105,000 after purchasing an additional 73,982 shares during the last quarter. Barclays PLC raised its position in shares of FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after purchasing an additional 113,296 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of FormFactor during the 3rd quarter worth about $550,000. 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.