FormFactor Inc. (NASDAQ:FORM)’s share price fell 3.3% during trading on Friday . The company traded as low as $9.36 and last traded at $9.36, with a volume of 189,828 shares traded. The stock had previously closed at $9.68.

A number of research firms have recently commented on FORM. B. Riley restated a “buy” rating and issued a $10.00 price objective on shares of FormFactor in a report on Monday, April 4th. Zacks Investment Research downgraded FormFactor from a “hold” rating to a “strong sell” rating in a report on Thursday, April 28th. Finally, Needham & Company LLC raised their target price on FormFactor from $10.00 to $11.00 and gave the company a “buy” rating in a report on Monday, June 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.06.

The company’s market cap is $550.83 million. The company’s 50 day moving average is $9.12 and its 200 day moving average is $7.83.

FormFactor (NASDAQ:FORM) last issued its quarterly 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 analyst estimates of $56.38 million. During the same quarter last year, the company earned $0.10 EPS. The company’s quarterly revenue was down 24.3% compared to the same quarter last year. Analysts predict that FormFactor Inc. will post $0.38 earnings per share for the current year.

In other news, CFO Michael M. Ludwig sold 24,524 shares of FormFactor 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 transaction, 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 accessible through this link. Also, CEO Mike Slessor sold 32,857 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 $234,598.98. Following the transaction, the chief executive officer now owns 282,533 shares in the company, 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 raised its position in shares of FormFactor Inc. (NASDAQ:FORM) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 about 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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