Today’s Market Runner: Could FormFactor, Inc. Lose Strenght? The Stock Increases A Lot Today

Today's Market Runner: Could FormFactor, Inc. Lose Strenght? The Stock Increases A Lot Today

The stock of FormFactor, Inc. (NASDAQ:FORM) is a huge mover today! About 135,590 shares traded hands. FormFactor, Inc. (NASDAQ:FORM) has risen 25.00% since April 5, 2016 and is uptrending. It has outperformed by 23.04% the S&P500.
The move comes after 5 months positive chart setup for the $648.54M company. It was reported on Nov, 7 by Barchart.com. We have $11.31 PT which if reached, will make NASDAQ:FORM worth $136.19M more.

FormFactor, Inc. (NASDAQ:FORM) Ratings Coverage

Out of 4 analysts covering FormFactor (NASDAQ:FORM), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. FormFactor has been the topic of 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Monday, August 10. The company was maintained on Friday, October 9 by Needham. The firm earned “Neutral” rating on Tuesday, March 15 by Citigroup. The stock has “Neutral” rating given by Stifel Nicolaus on Wednesday, March 30. The company was maintained on Monday, June 27 by Needham. The company was upgraded on Tuesday, August 2 by Stifel Nicolaus. The rating was downgraded by Zacks on Monday, August 17 to “Hold”. The company was initiated on Thursday, September 22 by Craig Hallum.

According to Zacks Investment Research, “Formfactor Inc designs, develops, manufactures, sells and supports precision, high performance advanced semiconductor wafer probe cards. Their products are based on proprietary technology, including its MicroSpring interconnect technology, which enables FormFactor to produce wafer probe cards for test applications that require reliability, speed, precision and signal integrity. FormFactor is headquartered in Livermore, California.”

Insitutional Activity: The institutional sentiment increased to 1.9 in Q2 2016. Its up 0.80, from 1.1 in 2016Q1. The ratio increased, as 19 funds sold all FormFactor, Inc. shares owned while 22 reduced positions. 25 funds bought stakes while 53 increased positions. They now own 61.81 million shares or 13.41% more from 54.50 million shares in 2016Q1.
Deutsche Commercial Bank Ag holds 0% or 55,475 shares in its portfolio. Nationwide Fund Advsr holds 0.01% or 185,497 shares in its portfolio. Tower Research Capital Ltd Llc (Trc) has invested 0% of its portfolio in FormFactor, Inc. (NASDAQ:FORM). Tygh Cap Mgmt, a Oregon-based fund reported 499,807 shares. Swiss Bank & Trust holds 0% of its portfolio in FormFactor, Inc. (NASDAQ:FORM) for 100,900 shares. Pacific Ridge Prtn Ltd Liability Co holds 46,680 shares or 0.19% of its portfolio. Renaissance Limited Liability Co accumulated 0.04% or 2.39 million shares. Da Davidson And accumulated 446,150 shares or 0.12% of the stock. Guggenheim Capital Ltd Llc has 23,083 shares for 0% of their US portfolio. Teachers Advsr Inc has invested 0% of its portfolio in FormFactor, Inc. (NASDAQ:FORM). California Pub Employees Retirement Systems last reported 48,592 shares in the company. Victory Capital has 0% invested in the company for 88,995 shares. Citigroup has 17,134 shares for 0% of their US portfolio. Goldman Sachs Group Inc Inc accumulated 0% or 53,400 shares. American Gru Inc has 0% invested in the company for 39,576 shares.

Insider Transactions: Since May 31, 2016, the stock had 2 buys, and 4 sales for $364,313 net activity. LINK RAYMOND A also bought $17,900 worth of FormFactor, Inc. (NASDAQ:FORM) on Tuesday, November 1. LUDWIG MICHAEL M also sold $27,055 worth of FormFactor, Inc. (NASDAQ:FORM) on Tuesday, May 31. $107,375 worth of shares were sold by DeLateur Richard on Monday, August 22. On Tuesday, May 31 the insider SLESSOR MIKE sold $24,923. 23,120 shares were sold by St Dennis Thomas, worth $242,896 on Friday, August 5.

More notable recent FormFactor, Inc. (NASDAQ:FORM) news were published by: Fool.com which released: “Here’s Why FormFactor, Inc. Is Tumbling Today” on October 28, 2016, also Fool.com with their article: “FormFactor, Inc. Bounces Back” published on August 04, 2016, Fool.com published: “FormFactor Inc Has a Lot to Prove on Aug. 2” on July 24, 2016. More interesting news about FormFactor, Inc. (NASDAQ:FORM) were released by: Fool.com and their article: “FormFactor Inc. Braces for an Ugly Quarter” published on April 20, 2016 as well as Fool.com‘s news article titled: “FormFactor Inc. Makes a Bold Bet With a Major Acquisition” with publication date: February 13, 2016.

FORM Company Profile

FormFactor, Inc., incorporated on April 15, 1993, designs, develops, makes, sells and supports semiconductor probe card products. The Firm 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 (also known as wafer sort), which is the testing of the semiconductor die, or chips. The Company’s products utilize a range of technologies, including micro-electromechanical systems (MEMS) technologies, automation systems, various product architectures and design tools. The Company’s MEMS technologies enable manufacturing of multi-material composite spring-like electrically-conductive contact elements. These contact elements, such as its MicroSpring contacts, optimize the relative amounts of force on, and across, a chip’s bond pad, solder bump, or copper pillar during the test process, and maintain their shape and position over a range of compression. The Company’s product and technology names include Apollo, ATRE, DC-Boost, Matrix, MicroProbe, the MicroProbe logo, MicroSpring, Mx-FinePitch, OneTouch, QiLin, RapidSoak, SmartMatrix, SMART Matrix 100, TouchMatrix, Takumi, TRE, TrueScale and TrueScale Lite, Vector, Vx-MP and Vx-RF. The Company’s technologies enable probe cards to be populated with over 100,000 contact elements, with contact element spacing of approximately 40 microns, distributed over extents of 300 millimeters (mm).

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