FormFactor (NASDAQ:FORM) Sees Strong Trading Volume – What’s Next?

FormFactor, Inc. (NASDAQ:FORM) saw an uptick in trading volume on Monday . 399,347 shares traded hands during mid-day 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 Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Needham & Company LLC cut their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen cut their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, DA Davidson increased their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.38.

FormFactor Trading Up 1.2 %

The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.04 billion, a PE ratio of 22.55 and a beta of 1.12. The business has a fifty day moving average price of $44.40 and a 200 day moving average price of $50.57.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the sale, the chief executive officer now directly owns 534,276 shares in the company, valued at $24,742,321.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in FormFactor by 1.9% in the 1st quarter. BNP Paribas Financial Markets now owns 69,174 shares of the semiconductor company’s stock valued at $3,156,000 after purchasing an additional 1,319 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of FormFactor by 19.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock worth $317,000 after buying an additional 1,151 shares during the period. GSA Capital Partners LLP purchased a new position in shares of FormFactor during the first quarter worth about $1,030,000. Texas Permanent School Fund Corp increased its position in FormFactor by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 68,126 shares of the semiconductor company’s stock valued at $3,109,000 after acquiring an additional 881 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in FormFactor during the 1st quarter valued at approximately $123,000. 98.76% of the stock is owned by institutional investors and hedge funds.

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.