FormFactor, Inc. (NASDAQ:FORM) CEO Sells $181,120.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now directly owns 530,276 shares in the company, valued at approximately $24,010,897.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 3rd, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $46.31, for a total value of $185,240.00.
• On Thursday, August 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $50.93, for a total transaction of $203,720.00.

FormFactor Price Performance

Shares of FORM traded up $0.82 during mid-day trading on Wednesday, reaching $44.99. 330,987 shares of the company’s stock were exchanged, compared to its average volume of 570,586. The company has a quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $31.51 and a 52-week high of $63.63. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 34.37 and a beta of 1.11. The company has a 50-day simple moving average of $46.47 and a two-hundred day simple moving average of $50.62.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $197.47 million during the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. On average, sell-side analysts predict that FormFactor, Inc. will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new position in shares of FormFactor in the 1st quarter valued at $28,000. Innealta Capital LLC acquired a new stake in FormFactor in the 2nd quarter valued at $38,000. Redwood Wealth Management Group LLC purchased a new position in FormFactor in the second quarter valued at about $43,000. LRI Investments LLC acquired a new position in shares of FormFactor during the first quarter worth about $70,000. Finally, Covestor Ltd boosted its position in shares of FormFactor by 3,951.3% in the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after buying an additional 1,541 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stifel Nicolaus raised their price target on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. B. Riley raised their price objective on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Finally, TD Cowen upped their target price on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $59.63.

FormFactor Company Profile

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.