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 on Monday, July 1st. The stock was sold at an average price of $59.00, for a total value of $236,000.00. Following the completion of the sale, the chief executive officer now directly owns 487,581 shares of the company’s stock, valued at approximately $28,767,279. 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 Wednesday, May 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $43.75, for a total value of $175,000.00.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $62.22 on Thursday. FormFactor, Inc. has a 1-year low of $29.50 and a 1-year high of $62.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.67. The business has a fifty day moving average price of $55.79 and a 200-day moving average price of $46.90. The company has a market capitalization of $4.80 billion, a PE ratio of 47.14 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The business had revenue of $168.73 million during the quarter, compared to the consensus estimate of $165.45 million. As a group, equities analysts expect that FormFactor, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Evercore ISI assumed coverage on FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective for the company. B. Riley raised their price objective on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. TD Cowen raised their price objective on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Finally, Craig Hallum raised their price objective on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, FormFactor has an average rating of “Hold” and a consensus price target of $49.30.

Institutional Investors Weigh In On FormFactor

Large investors have recently bought and sold shares of the business. Riverview Trust Co bought a new stake in FormFactor in the 1st quarter worth about $28,000. GAMMA Investing LLC bought a new stake in FormFactor in the 4th quarter worth about $55,000. LRI Investments LLC bought a new stake in FormFactor in the 1st quarter worth about $70,000. Covestor Ltd increased its holdings in FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after buying an additional 1,541 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake 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 period. 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.