FormFactor Inc. (NASDAQ:FORM) was down 2.9% during mid-day trading on Thursday . The company traded as low as $9.58 and last traded at $9.58, with a volume of 258,394 shares traded. The stock had previously closed at $9.87.

A number of equities research analysts have recently issued reports on FORM shares. B. Riley reissued a “buy” rating and issued a $10.00 price target on shares of FormFactor in a report on Wednesday, March 30th. Stifel Nicolaus downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Zacks Investment Research downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 1st. Finally, Needham & Company LLC increased their price target on shares of FormFactor from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, June 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $10.06.

The stock’s market cap is $566.73 million. The stock has a 50-day moving average of $8.69 and a 200 day moving average of $7.75.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, April 27th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.06. The business earned $53.60 million during the quarter, compared to the consensus estimate of $56.38 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter was down 24.3% on a year-over-year basis. On average, equities analysts forecast that FormFactor Inc. will post $0.38 EPS for the current fiscal year.

In other news, CFO Michael M. Ludwig sold 3,692 shares of FormFactor stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $7.33, for a total value of $27,062.36. Following the completion of the sale, the chief financial officer now directly owns 214,090 shares of the company’s stock, valued at $1,569,279.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael M. Ludwig sold 24,524 shares of FormFactor stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $7.14, for a total value of $175,101.36. Following the completion of the sale, the chief financial officer now directly owns 210,037 shares of the company’s stock, valued at $1,499,664.18. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in FormFactor stock. Victory Capital Management Inc. increased its stake in FormFactor Inc. (NASDAQ:FORM) by 15.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 155,515 shares of the company’s stock after buying an additional 21,270 shares during the period. Victory Capital Management Inc. owned about 0.27% of FormFactor worth $1,400,000 as of its most recent filing with the SEC.

FormFactor, Inc designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is a supplier of probe cards to the manufacturers of dynamic random-access memory (DRAM), flash memory devices, microprocessor, chipset and other system on chip (SoC) devices. Semiconductor manufacturers use its probe cards to perform wafer test, which is the testing of the semiconductor die, or chips.

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