FormFactor, Inc. (NASDAQ:FORM) CEO Sells $175,000.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at approximately $21,515,418.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mike Slessor also recently made the following trade(s):

• On Monday, April 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00.
• On Friday, March 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00.

FormFactor Stock Performance

FORM traded up $7.76 during trading on Thursday, hitting $51.75. The stock had a trading volume of 1,778,496 shares, compared to its average volume of 472,096. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. The firm has a market capitalization of $4.01 billion, a P/E ratio of 47.52 and a beta of 1.15. The company’s 50-day moving average price is $43.87 and its 200 day moving average price is $40.37. FormFactor, Inc. has a twelve month low of $24.88 and a twelve month high of $51.90.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. On average, equities research analysts forecast that FormFactor, Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FORM has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of FormFactor from $37.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday. TheStreet upgraded shares of FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. B. Riley boosted their price objective on shares of FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus lifted their target price on shares of FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday. Finally, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $47.44.

Hedge Funds Weigh In On FormFactor

A number of institutional investors and hedge funds have recently made changes to their positions in FORM. Janney Montgomery Scott LLC boosted its position in shares of FormFactor by 19.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock worth $317,000 after buying an additional 1,151 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of FormFactor by 1.9% in the 1st quarter. BNP Paribas Financial Markets now owns 69,174 shares of the semiconductor company’s stock worth $3,156,000 after buying an additional 1,319 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of FormFactor by 5.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 338,999 shares of the semiconductor company’s stock worth $15,469,000 after buying an additional 18,375 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of FormFactor by 0.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 374,468 shares of the semiconductor company’s stock worth $17,087,000 after buying an additional 2,090 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of FormFactor by 4.1% in the 1st quarter. Fifth Third Bancorp now owns 47,300 shares of the semiconductor company’s stock worth $2,158,000 after buying an additional 1,862 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.