FormFactor (NASDAQ:FORM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

FormFactor, Inc. (NASDAQ:FORMGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.09 and traded as high as $60.00. FormFactor shares last traded at $59.19, with a volume of 550,504 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FORM shares. Cantor Fitzgerald began coverage on shares of FormFactor in a report on Tuesday, November 18th. They issued an “overweight” rating and a $75.00 price target for the company. Northland Securities set a $44.00 target price on FormFactor in a research note on Thursday, October 30th. DA Davidson set a $55.00 target price on FormFactor in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a research note on Wednesday, October 8th. Finally, TD Cowen lifted their price objective on FormFactor from $35.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $57.00.

View Our Latest Report on FormFactor

FormFactor Stock Up 6.1%

The business has a fifty day moving average of $54.31 and a 200 day moving average of $41.14. 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 cap of $4.59 billion, a P/E ratio of 113.83 and a beta of 1.12.

Insider Activity

In related news, Director Kelley Steven-Waiss sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total value of $151,119.00. Following the completion of the transaction, the director directly owned 32,779 shares in the company, valued at approximately $1,834,640.63. The trade was a 7.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 8,403 shares of FormFactor stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $50.06, for a total transaction of $420,654.18. Following the completion of the transaction, the chief executive officer directly owned 533,270 shares in the company, valued at approximately $26,695,496.20. The trade was a 1.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 20,772 shares of company stock valued at $1,103,698 in the last quarter. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of FormFactor by 4.0% in the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after acquiring an additional 500,156 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after buying an additional 73,644 shares during the last quarter. Bank of New York Mellon Corp lifted its position in FormFactor by 170.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock valued at $72,069,000 after acquiring an additional 1,319,345 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in FormFactor by 3.5% during the 3rd quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after purchasing an additional 55,101 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Company Profile

(Get Free Report)

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.

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