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 Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the transaction, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. This represents a 0.76 % 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 this hyperlink.

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

• On Monday, December 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $40.59, for a total value of $162,360.00.

FormFactor Stock Up 0.5 %

Shares of NASDAQ FORM opened at $44.22 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a 50-day moving average price of $42.22 and a 200-day moving average price of $47.37. The stock has a market capitalization of $3.42 billion, a P/E ratio of 25.41 and a beta of 1.12. FormFactor, Inc. has a 1 year low of $37.21 and a 1 year high of $63.63.

Analysts Set New Price Targets

Several analysts have recently weighed in on FORM shares. TD Cowen lowered their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC decreased their price target on shares of 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.38.

Hedge Funds Weigh In On FormFactor

A number of hedge funds have recently added to or reduced their stakes in FORM. Advisors Asset Management Inc. raised its stake in shares of FormFactor by 99.4% in the third 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 last quarter. Redwood Wealth Management Group LLC purchased a new stake in FormFactor in the 2nd quarter valued at $43,000. Quarry LP lifted its stake in FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares in the last quarter. CWM LLC boosted its holdings in FormFactor by 57.3% during the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of FormFactor in the 2nd quarter worth $204,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.