FormFactor (NASDAQ:FORM) Sees Unusually-High Trading Volume - Here's Why

Shares of FormFactor, Inc. (NASDAQ:FORM - Get Free Report) saw an uptick in trading volume on Monday . 399,347 shares were traded during trading, a decline of 31% from the previous session's volume of 576,337 shares.The stock last traded at $38.79 and had previously closed at $38.75.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FORM. Needham & Company LLC dropped their price objective on FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday. Stifel Nicolaus upped their price objective on FormFactor from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Tuesday, July 16th. StockNews.com cut FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. DA Davidson upped their price objective on FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $55.38.

FormFactor Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.76. The business has a fifty day moving average of $44.84 and a two-hundred day moving average of $50.60. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 22.40 and a beta of 1.12.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the transaction, the chief executive officer now directly owns 534,276 shares of the company's stock, valued at $24,742,321.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Jorge Titinger sold 6,770 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the sale, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the sale, the chief executive officer now owns 534,276 shares of the company's stock, valued at approximately $24,742,321.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,770 shares of company stock valued at $650,294 in the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

A number of institutional investors have recently modified their holdings of FORM. Bank of New York Mellon Corp lifted its position in shares of FormFactor by 91.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock valued at $77,636,000 after acquiring an additional 612,838 shares during the period. New York State Common Retirement Fund lifted its position in shares of FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company's stock worth $14,876,000 after buying an additional 290,254 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of FormFactor during the 2nd quarter worth $15,893,000. Renaissance Technologies LLC bought a new stake in shares of FormFactor during the 2nd quarter worth $13,938,000. Finally, TimesSquare Capital Management LLC lifted its position in shares of FormFactor by 60.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 595,300 shares of the semiconductor company's stock worth $27,164,000 after buying an additional 224,075 shares during 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.