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 trading hands. The stock had previously closed at $9.87.

A number of equities research analysts have recently issued reports on FORM shares. Stifel Nicolaus cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, June 30th. Needham & Company LLC boosted their target price on shares of FormFactor from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, June 27th. Finally, B. Riley reissued a “buy” rating and issued a $11.00 target price on shares of FormFactor in a research report on Sunday, July 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $10.06.

The company’s 50-day moving average price is $8.82 and its 200-day moving average price is $7.77. The company’s market capitalization is $568.50 million.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.06. The company earned $53.60 million during the quarter, compared to analyst estimates of $56.38 million. The company’s revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, analysts expect that FormFactor Inc. will post $0.38 EPS for the current year.

In other news, CFO Michael M. Ludwig sold 11,423 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $6.81, for a total transaction of $77,790.63. Following the completion of the sale, the chief financial officer now directly owns 200,513 shares of the company’s stock, valued at approximately $1,365,493.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 32,857 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $7.14, for a total value of $234,598.98. Following the sale, the chief executive officer now directly owns 282,533 shares of the company’s stock, valued at $2,017,285.62. The disclosure for this sale can be found here.

An institutional investor recently raised its position in FormFactor stock. Victory Capital Management Inc. raised its stake in shares of FormFactor Inc. (NASDAQ:FORM) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,515 shares of the company’s stock after buying an additional 21,270 shares during the period. Victory Capital Management Inc. owned 0.27% of FormFactor worth $1,400,000 at the end of the most recent quarter.

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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