Shares of FormFactor Inc. (NASDAQ:FORM) traded down 1.4% during mid-day trading on Thursday . The company traded as low as $10.33 and last traded at $10.37, with a volume of 129,895 shares changing hands. The stock had previously closed at $10.52.

A number of analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $11.00 price objective on shares of FormFactor in a report on Sunday, July 3rd. Zacks Investment Research downgraded shares of FormFactor from a “hold” rating to a “strong sell” rating in a report on Thursday, April 28th. Stifel Nicolaus upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price objective (up from $11.00) on shares of FormFactor in a report on Wednesday, August 3rd. Finally, TheStreet upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.80.

The stock has a market capitalization of $755.05 million and a price-to-earnings ratio of 31.75. The firm’s 50-day moving average is $9.91 and its 200-day moving average is $8.07.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $83.10 million for the quarter, compared to the consensus estimate of $78.23 million. FormFactor’s quarterly revenue was up 55.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. Equities analysts anticipate that FormFactor Inc. will post $0.47 EPS for the current fiscal year.

In other FormFactor news, CFO Michael M. Ludwig sold 3,692 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $7.33, for a total transaction of $27,062.36. Following the transaction, the chief financial officer now directly owns 214,090 shares in the company, valued at approximately $1,569,279.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis Thomas St sold 23,120 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $10.51, for a total value of $242,991.20. Following the transaction, the director now owns 164,933 shares in the company, valued at $1,733,445.83. 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 position in FormFactor Inc. (NASDAQ:FORM) by 15.8% during the fourth quarter, according to its most recent filing 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 approximately 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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