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 stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the transaction, the chief executive officer now owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, August 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $50.93, for a total value of $203,720.00.
• On Monday, July 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $59.00, for a total value of $236,000.00.

FormFactor Stock Down 1.2 %

FormFactor stock opened at $43.92 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 33.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. FormFactor, Inc. has a one year low of $31.19 and a one year high of $63.63. The stock has a fifty day moving average of $52.41 and a 200 day moving average of $50.40.

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

Institutional Trading of FormFactor

Several hedge funds have recently bought and sold shares of FORM. Riverview Trust Co bought a new stake in FormFactor during the first quarter valued at about $28,000. Innealta Capital LLC bought a new stake in FormFactor during the second quarter valued at about $38,000. Redwood Wealth Management Group LLC bought a new stake in FormFactor during the second quarter valued at about $43,000. Quadrant Capital Group LLC grew its holdings in FormFactor by 19.5% during the fourth 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. Finally, LRI Investments LLC bought a new stake in FormFactor during the first quarter valued at about $70,000. Institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stifel Nicolaus raised their target price on FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of FormFactor in a report on Thursday, August 1st. DA Davidson lifted their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, B. Riley lifted their price objective on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $59.63.

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.