FormFactor Inc. (NASDAQ:FORM) was down 3.3% during mid-day trading on Friday . The stock traded as low as $9.36 and last traded at $9.36, with a volume of 189,828 shares changing hands. The stock had previously closed at $9.68.

Several equities research analysts have issued reports on FORM shares. B. Riley reaffirmed a “buy” rating and set a $10.00 price target on shares of FormFactor in a report on Tuesday, May 3rd. Zacks Investment Research raised FormFactor from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, June 30th. Finally, Needham & Company LLC raised their price target on FormFactor from $10.00 to $11.00 and gave the company a “buy” rating in a report on Monday, June 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.06.

The stock’s market capitalization is $550.83 million. The firm has a 50 day moving average price of $9.12 and a 200-day moving average price of $7.83.

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

In related news, CFO Michael M. Ludwig sold 24,524 shares of the company’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $7.14, for a total transaction of $175,101.36. Following the completion of the sale, the chief financial officer now owns 210,037 shares in the company, valued at $1,499,664.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Slessor sold 32,857 shares of the company’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $7.14, for a total value of $234,598.98. Following the sale, the chief executive officer now owns 282,533 shares of the company’s stock, valued at approximately $2,017,285.62. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in FormFactor stock. Wells Fargo & Company MN increased its stake in FormFactor Inc. (NASDAQ:FORM) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,097,968 shares of the company’s stock after buying an additional 297,205 shares during the period. Wells Fargo & Company MN owned approximately 3.61% of FormFactor worth $18,883,000 at the end of the most recent reporting period.

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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