FormFactor (NASDAQ:FORM) CEO Sells $2,574,390.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 39,606 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $65.00, for a total value of $2,574,390.00. Following the transaction, the chief executive officer directly owned 485,995 shares of the company’s stock, valued at $31,589,675. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, December 17th, Mike Slessor sold 7,669 shares of FormFactor stock. The stock was sold at an average price of $56.36, for a total value of $432,224.84.
• On Wednesday, November 19th, Mike Slessor sold 8,403 shares of FormFactor stock. The stock was sold at an average price of $50.06, for a total value of $420,654.18.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $64.52 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46. The firm has a market capitalization of $5.00 billion, a PE ratio of 124.08 and a beta of 1.12. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $66.47. The business’s fifty day moving average price is $55.53 and its two-hundred day moving average price is $41.93.

Institutional Investors Weigh In On FormFactor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FORM. MassMutual Private Wealth & Trust FSB lifted its position in FormFactor by 282.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 547 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of FormFactor in the 3rd quarter worth $25,000. Jones Financial Companies Lllp raised its stake in shares of FormFactor by 84.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after buying an additional 453 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of FormFactor by 547.8% in the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 882 shares during the period. Finally, State of Wyoming boosted its stake in FormFactor by 18.4% during the third quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 261 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on FORM shares. Cowen restated a “hold” rating on shares of FormFactor in a research report on Thursday, October 30th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $31.00 to $62.00 in a report on Thursday, October 30th. Stifel Nicolaus set a $42.00 target price on FormFactor in a research report on Thursday, October 30th. Zacks Research raised FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, TD Cowen boosted their price target on FormFactor from $35.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and a consensus price target of $57.00.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.