FormFactor (NASDAQ:FORM) Trading Down 5.9% – Time to Sell?

Shares of FormFactor, Inc. (NASDAQ:FORM) were down 5.9% during trading on Friday . The company traded as low as $76.12 and last traded at $76.2210. Approximately 550,915 shares changed hands during trading, a decline of 60% from the average daily volume of 1,392,421 shares. The stock had previously closed at $81.00.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FORM. Weiss Ratings reissued a “hold (c)” rating on shares of FormFactor in a report on Wednesday, October 8th. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. TD Cowen reissued a “hold” rating on shares of FormFactor in a report on Thursday, October 30th. Evercore ISI upped their target price on shares of FormFactor from $31.00 to $50.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Finally, DA Davidson set a $55.00 price target on shares of FormFactor in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.13.

FormFactor Trading Down 9.3%

The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $5.70 billion, a P/E ratio of 141.43 and a beta of 1.12. The firm’s 50-day simple moving average is $60.12 and its 200-day simple moving average is $44.79.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 39,606 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $65.00, for a total value of $2,574,390.00. Following the transaction, the chief executive officer owned 485,995 shares of the company’s stock, valued at $31,589,675. This represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Thomas St sold 2,000 shares of FormFactor stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $49.85, for a total value of $99,700.00. Following the sale, the director directly owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. This trade represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 73,466 shares of company stock worth $4,683,377. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC purchased a new position in shares of FormFactor during the third quarter worth approximately $25,000. Jones Financial Companies Lllp raised its position in FormFactor by 84.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 453 shares during the period. Hantz Financial Services Inc. lifted its stake in FormFactor by 547.8% in the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 882 shares during the last quarter. State of Wyoming boosted its position in FormFactor by 18.4% during the third quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 261 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of FormFactor by 208.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 1,246 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.