FormFactor (NASDAQ:FORM) Shares Up 5.8% - What's Next?

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) rose 5.8% on Wednesday . The company traded as high as $24.85 and last traded at $24.53. Approximately 142,543 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 731,816 shares. The stock had previously closed at $23.18.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FORM. B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $44.00 to $51.00 in a research report on Monday, January 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. Evercore ISI lowered their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $48.50.

FormFactor Stock Up 1.5 %

The company's 50-day moving average price is $32.02 and its 200 day moving average price is $39.12. 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 stock has a market cap of $2.11 billion, a PE ratio of 30.49 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 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 forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value 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 represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after purchasing an additional 484,176 shares in the last quarter. Earnest Partners LLC raised its position in shares of FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after purchasing an additional 594,426 shares during the period. Alliancebernstein L.P. lifted its stake in shares of FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after buying an additional 1,742,493 shares in the last quarter. State Street Corp boosted its holdings in FormFactor by 1.4% in the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company's stock worth $134,019,000 after buying an additional 39,784 shares during the period. Finally, Bank of America Corp DE increased its stake in FormFactor by 29.9% in the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock worth $111,861,000 after buying an additional 585,117 shares in the last quarter. 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.