Insider Selling: FormFactor, Inc. (NASDAQ:FORM) CEO Sells 4,000 Shares of Stock

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

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 value 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 value of $173,520.00.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $51.75 on Friday. The business’s fifty day moving average price is $43.87 and its two-hundred day moving average price is $40.37. The stock has a market cap of $4.01 billion, a PE ratio of 39.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. FormFactor, Inc. has a one year low of $24.88 and a one year high of $51.90.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a return on equity of 2.33% and a net margin of 15.48%. On average, analysts forecast that FormFactor, Inc. will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On FormFactor

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of FormFactor by 2.4% during the third quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after purchasing an additional 224,599 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of FormFactor by 1.2% during the third quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock worth $225,386,000 after purchasing an additional 78,466 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of FormFactor by 81.1% during the fourth quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after purchasing an additional 862,885 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of FormFactor by 10.2% during the fourth quarter. Sei Investments Co. now owns 1,417,633 shares of the semiconductor company’s stock worth $59,129,000 after purchasing an additional 131,282 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in FormFactor by 2.5% in the third quarter. Reinhart Partners LLC. now owns 834,698 shares of the semiconductor company’s stock valued at $29,164,000 after acquiring an additional 20,060 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

FORM has been the subject of a number of analyst reports. B. Riley increased their target price on FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen increased their target price on FormFactor from $37.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday. Needham & Company LLC increased their target price on FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Finally, Craig Hallum raised their price objective on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.44.

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.