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 firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, October 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $45.28, for a total value of $181,120.00.
• On Tuesday, September 3rd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $46.31, for a total value of $185,240.00.

FormFactor Stock Performance

Shares of FormFactor stock traded up $2.50 during mid-day trading on Monday, hitting $42.56. 662,750 shares of the stock were exchanged, compared to its average volume of 591,630. FormFactor, Inc. has a 12 month low of $36.11 and a 12 month high of $63.63. The company has a 50-day simple moving average of $42.87 and a 200 day simple moving average of $49.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The company has a market capitalization of $3.30 billion, a P/E ratio of 23.02 and a beta of 1.12.

Analyst Ratings Changes

FORM has been the subject of several research reports. TD Cowen reduced their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Needham & Company LLC cut their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Five 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, the company currently has an average rating of “Hold” and a consensus target price of $55.38.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in shares of FormFactor by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock worth $2,349,000 after purchasing an additional 200 shares during the period. Xponance Inc. raised its holdings in shares of FormFactor by 5.1% in the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 241 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the period. Arizona State Retirement System raised its holdings in shares of FormFactor by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 331 shares during the period. Finally, CWM LLC raised its holdings in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 370 shares during the period. Institutional investors own 98.76% of the company’s stock.

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.