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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares in the company, valued at $24,010,897.28. The transaction was disclosed in a legal filing 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 transaction of $185,240.00.
• On Thursday, August 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $50.93, for a total value of $203,720.00.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $44.34 on Friday. FormFactor, Inc. has a 12 month low of $31.51 and a 12 month high of $63.63. The company has a current ratio of 4.46, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.42 billion, a P/E ratio of 33.59 and a beta of 1.11. The company has a 50 day moving average of $46.23 and a 200 day moving average of $50.58.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on FORM shares. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of FormFactor in a research note on Thursday, August 1st. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. TD Cowen increased 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. B. Riley boosted their price target on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, DA Davidson upped their price target on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FormFactor currently has an average rating of “Hold” and an average target price of $59.63.

Hedge Funds Weigh In On FormFactor

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of FormFactor by 81.1% during the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock valued at $80,387,000 after acquiring an additional 862,885 shares during the last quarter. Bank of New York Mellon Corp lifted its position in FormFactor by 91.5% during the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after purchasing an additional 612,838 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in FormFactor during the second quarter valued at approximately $15,893,000. Renaissance Technologies LLC purchased a new position in FormFactor in the 2nd quarter worth approximately $13,938,000. Finally, TimesSquare Capital Management LLC increased its holdings in shares of FormFactor by 60.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 595,300 shares of the semiconductor company’s stock worth $27,164,000 after buying an additional 224,075 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

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.