FormFactor, Inc. (FORM) CFO Michael M. Ludwig Sells 30,000 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) CFO Michael M. Ludwig sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $12.73, for a total value of $381,900.00. Following the completion of the sale, the chief financial officer now owns 270,387 shares of the company’s stock, valued at approximately $3,442,026.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

FormFactor, Inc. (NASDAQ FORM) traded down $0.20 during trading on Friday, hitting $12.85. The company had a trading volume of 584,714 shares, compared to its average volume of 804,726. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. The company has a market cap of $917.75, a P/E ratio of 23.36, a PEG ratio of 0.75 and a beta of 1.27. FormFactor, Inc. has a 1-year low of $10.45 and a 1-year high of $18.65.

A number of analysts have commented on FORM shares. Needham & Company LLC upgraded FormFactor from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $20.00 to $22.00 in a research report on Thursday, December 14th. BidaskClub downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. B. Riley reiterated a “buy” rating and issued a $22.00 price objective (up previously from $20.00) on shares of FormFactor in a research report on Thursday, November 2nd. Citigroup reduced their price objective on FormFactor from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Finally, Zacks Investment Research downgraded FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.00.

Several institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new position in shares of FormFactor during the 4th quarter worth approximately $496,000. Macquarie Group Ltd. lifted its position in shares of FormFactor by 3.8% during the 4th quarter. Macquarie Group Ltd. now owns 190,393 shares of the semiconductor company’s stock worth $2,980,000 after buying an additional 6,919 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its position in shares of FormFactor by 253.1% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 212,200 shares of the semiconductor company’s stock worth $3,320,000 after buying an additional 152,100 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of FormFactor by 99.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 526,343 shares of the semiconductor company’s stock worth $8,237,000 after buying an additional 262,210 shares during the period. Finally, Teachers Advisors LLC lifted its position in shares of FormFactor by 6.2% during the 4th quarter. Teachers Advisors LLC now owns 846,228 shares of the semiconductor company’s stock worth $13,243,000 after buying an additional 49,588 shares during the period. Institutional investors and hedge funds own 82.93% of the company’s stock.

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About FormFactor

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

Insider Buying and Selling by Quarter for FormFactor (NASDAQ:FORM)

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