FormFactor (NASDAQ:FORM) Sees Large Volume Increase – Should You Buy?

FormFactor, Inc. (NASDAQ:FORM) shares saw unusually-high trading volume on Monday . Approximately 399,347 shares changed hands 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 Analyst Weigh In

Several brokerages have issued reports on FORM. Needham & Company LLC dropped their price objective 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 lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Stifel Nicolaus raised their price objective on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. TD Cowen lowered their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, DA Davidson increased their target price on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.38.

FormFactor Stock Performance

The stock’s fifty day simple moving average is $44.40 and its 200-day simple moving average is $50.57. The company has a market capitalization of $3.04 billion, a PE ratio of 22.55 and a beta of 1.12. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares of the company’s stock, valued at $24,010,897.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MQS Management LLC increased its position in FormFactor by 33.4% during the 3rd quarter. MQS Management LLC now owns 4,812 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 1,205 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of FormFactor by 1,062.8% during the third quarter. GSA Capital Partners LLP now owns 52,629 shares of the semiconductor company’s stock worth $2,421,000 after buying an additional 48,103 shares in the last quarter. Versor Investments LP purchased a new stake in shares of FormFactor during the third quarter worth about $598,000. Los Angeles Capital Management LLC raised its position in shares of FormFactor by 31.3% in the third quarter. Los Angeles Capital Management LLC now owns 39,306 shares of the semiconductor company’s stock valued at $1,808,000 after buying an additional 9,381 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of FormFactor by 21.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 39,967 shares of the semiconductor company’s stock valued at $1,838,000 after buying an additional 7,061 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.