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

FormFactor, Inc. (NASDAQ:FORMGet Free Report) CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the transaction, the chief executive officer now owns 499,781 shares in the company, valued at $21,680,499.78. The sale was disclosed in a document filed with the SEC, which is available at this link.

FormFactor Trading Down 0.9 %

Shares of FormFactor stock opened at $44.14 on Wednesday. FormFactor, Inc. has a 52-week low of $24.88 and a 52-week high of $45.15. The stock’s 50-day simple moving average is $40.86 and its 200 day simple moving average is $37.23. The stock has a market capitalization of $3.43 billion, a P/E ratio of 41.64 and a beta of 1.18. 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 (NASDAQ:FORMGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The business had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. As a group, research analysts anticipate that FormFactor, Inc. will post 0.63 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on FORM. TD Cowen raised their price objective on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $46.00 price objective on shares of FormFactor in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.67.

View Our Latest Research Report on FormFactor

Institutional Investors Weigh In On FormFactor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FORM. Belpointe Asset Management LLC raised its stake in FormFactor by 170.1% in the 1st quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 684 shares during the period. GAMMA Investing LLC purchased a new position in FormFactor during the 4th quarter valued at about $55,000. Quadrant Capital Group LLC grew its holdings in 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 buying an additional 260 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in FormFactor during the 3rd quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC grew its holdings in FormFactor by 247.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 1,771 shares in the last quarter. 93.64% of the stock is currently owned by institutional investors.

FormFactor Company Profile

(Get Free Report)

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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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