FormFactor (NASDAQ:FORM) Reaches New 12-Month Low – Time to Sell?

FormFactor, Inc. (NASDAQ:FORM) hit a new 52-week low on Thursday . The company traded as low as $29.76 and last traded at $30.10, with a volume of 96485 shares changing hands. The stock had previously closed at $30.49.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of analyst reports. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Evercore ISI dropped their price target 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. Stifel Nicolaus reduced their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and cut their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.50.

FormFactor Stock Down 3.1 %

The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.29 billion, a PE ratio of 33.15 and a beta of 1.07. The company’s fifty day moving average is $36.01 and its 200-day moving average is $40.76.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data 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%. On average, analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the firm’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 transaction, the chief executive officer now owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in FormFactor in the 4th quarter worth $27,000. Advisors Asset Management Inc. boosted its position in shares of FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares during the last quarter. Quarry LP lifted its stake in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new position in shares of FormFactor during the fourth quarter valued at about $43,000. Finally, Manchester Capital Management LLC lifted its position in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

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.