FormFactor (FORM) has risen sharply, recording gains of 1.69% in the past 4 weeks. However, the stock has corrected -3.13% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.66% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.34% and the 50-Day Moving Average is 11.73%. FormFactor (NASDAQ:FORM): stock turned positive on Friday. Though the stock opened at $10.06, the bulls momentum made the stock top out at $10.22 level for the day. The stock recorded a low of $10.03 and closed the trading day at $10.2, in the green by 2.10%. The total traded volume for the day was 543,960. The stock had closed at $9.99 in the previous days trading.
The company Insiders own 2.84% of FormFactor shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.59% . Institutional Investors own 83.16% of FormFactor shares. During last six month period, the net percent change held by insiders has seen a change of -9.59%. Also, Citigroup maintains their rating on the shares of FormFactor (NASDAQ:FORM). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $10 per share from $8.25 per share. The rating by the firm was issued on August 3, 2016.
FormFactor, Inc. designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM, Flash and SoCs products across the world. 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. Its products are based on its technologies, including its micro-electromechanical systems (MEMS) technologies, its automation systems, its various product architectures and its design tools. The applications of these products include customer collaboration, consumer integrated circuits (ICs), mobile ICs, automative ICs, computing ICs and publications. The Company operates under the brands FormFactor, the FormFactor logo, Apollo, ATRE, DC-Boost, Matrix, MicroProbe, the MicroProbe logo, MicroSpring, Mx-FinePitch, OneTouch, QiLin, RapidSoak, SmartMatrix, SMART Matrix 100, TouchMatrix, Takumi and TrueScale Lite, among others.