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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total value of $175,000.00. Following the sale, the chief executive officer now owns 491,781 shares of the company’s stock, valued at $21,515,418.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were 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 shares were sold at an average price of $43.38, for a total value of $173,520.00.

FormFactor Stock Performance

NASDAQ:FORM opened at $51.75 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. FormFactor, Inc. has a 1 year low of $24.88 and a 1 year high of $51.90. The stock’s 50 day simple moving average is $43.87 and its two-hundred day simple moving average is $40.37. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 39.20 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.33% and a net margin of 15.48%. The business had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. As a group, equities analysts anticipate that FormFactor, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FORM. Stifel Nicolaus lifted their price objective on FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday. B. Riley lifted their price objective on FormFactor from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. TD Cowen lifted their price objective on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Needham & Company LLC lifted their price objective on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.44.

Hedge Funds Weigh In On FormFactor

Large investors have recently modified their holdings of the stock. Riverview Trust Co bought a new position in shares of FormFactor during the 1st quarter valued at approximately $28,000. GAMMA Investing LLC bought a new position in shares of FormFactor during the 4th quarter valued at approximately $55,000. Quadrant Capital Group LLC increased its position in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of FormFactor during the 3rd quarter valued at approximately $70,000. Finally, Mackenzie Financial Corp bought a new position in shares of FormFactor during the 4th quarter valued at approximately $202,000. 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.