Mike Slessor Sells 4,000 Shares of FormFactor, Inc. (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORMGet Free Report) CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the sale, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • 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 Price Performance

FORM stock opened at $46.18 on Thursday. FormFactor, Inc. has a 52 week low of $24.88 and a 52 week high of $46.83. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $42.48 and a two-hundred day simple moving average of $38.94. The firm has a market capitalization of $3.58 billion, a P/E ratio of 43.57 and a beta of 1.18.

FormFactor (NASDAQ:FORMGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The business had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. Analysts anticipate that FormFactor, Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FORM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 target price on shares of FormFactor in a research note on Thursday, February 8th. TD Cowen raised their target price on shares of FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Finally, TheStreet raised shares of FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.63.

Check Out Our Latest Stock Report on FormFactor

Hedge Funds Weigh In On FormFactor

Institutional investors have recently bought and sold shares of the business. Tudor Investment Corp Et Al lifted its position in FormFactor by 368.7% during the third quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after purchasing an additional 65,889 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of FormFactor by 240.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock worth $826,000 after acquiring an additional 16,702 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FormFactor by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after acquiring an additional 224,599 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FormFactor by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock worth $28,501,000 after acquiring an additional 45,248 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of FormFactor in the 3rd quarter worth about $301,000. Institutional investors own 98.76% of the company’s stock.

About FormFactor

(Get Free Report)

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.

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