This trade activity should not be overlooked: FormFactor Inc. (FORM)

FormFactor Inc. (NASDAQ: FORM) stock jumped 2.64% on Monday to $39.59 against a previous-day closing price of $38.57. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.48 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $39.76 whereas the lowest price it dropped to was $38.47. The 52-week range on FORM shows that it touched its highest point at $39.51 and its lowest point at $20.94 during that stretch. It currently has a 1-year price target of $40.00. Beta for the stock currently stands at 1.19.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FORM was up-trending over the past week, with a rise of 7.17%, but this was up by 20.04% over a month. Three-month performance surged to 27.14% while six-month performance rose 28.33%. The stock gained 75.80% in the past year, while it has gained 78.09% so far this year. A look at the trailing 12-month EPS for FORM yields -0.09 with Next year EPS estimates of 1.17. For the next quarter, that number is 0.20. This implies an EPS growth rate of -42.85% for this year and 63.43% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.36%.

Float and Shares Shorts:

At present, 76.91 million FORM shares are outstanding with a float of 76.89 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.45 million, which was 3.14% higher than short shares on Sep 28, 2023. In addition to Dr. Michael D. Slessor as the firm’s CEO, President & Director, Mr. Shai Shahar serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 98.90% of FORM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.71% of FORM, in contrast to 5.49% held by mutual funds. Shares owned by individuals account for 39.06%. As the largest shareholder in FORM with 14.46% of the stake, BlackRock Fund Advisors holds 11,226,897 shares worth 11,226,897. A second-largest stockholder of FORM, The Vanguard Group, Inc., holds 9,535,315 shares, controlling over 12.28% of the firm’s shares. EARNEST Partners LLC is the third largest shareholder in FORM, holding 6,450,654 shares or 8.31% stake. With a 6.73% stake in FORM, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,224,494 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.12% of FORM stock, is the second-largest Mutual Fund holder. It holds 2,425,650 shares valued at 82.18 million. Vanguard Small Cap Index Fund holds 2.58% of the stake in FORM, owning 2,004,612 shares worth 67.92 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FORM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FORM analysts setting a high price target of $50.00 and a low target of $33.00, the average target price over the next 12 months is $40.00. Based on these targets, FORM could surge 26.29% to reach the target high and fall by -16.65% to reach the target low. Reaching the average price target will result in a growth of 1.04% from current levels.

Summary of Insider Activity:

Insiders traded FORM stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 23,867 shares were bought while 11,114 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 220,348 while 55,473 shares were sold.