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 business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the transaction, the chief executive officer now owns 510,650 shares of the company’s stock, valued at $16,197,818. This represents a 0.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, April 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $28.24, for a total value of $112,960.00.
• On Monday, February 3rd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00.

FormFactor Stock Up 4.5 %

NASDAQ FORM opened at $30.26 on Friday. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The stock’s 50 day moving average is $29.16 and its 200 day moving average is $37.26. The stock has a market cap of $2.33 billion, a PE ratio of 34.00 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. FormFactor’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. Research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On FormFactor

Several large investors have recently made changes to their positions in FORM. Victory Capital Management Inc. grew its holdings in FormFactor by 2.8% during the 1st quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 599 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of FormFactor by 82.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock valued at $55,554,000 after purchasing an additional 885,617 shares in the last quarter. CWM LLC raised its stake in FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 382 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in FormFactor by 3.0% during the first quarter. Envestnet Asset Management Inc. now owns 407,565 shares of the semiconductor company’s stock valued at $11,530,000 after purchasing an additional 11,707 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of FormFactor by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 386,731 shares of the semiconductor company’s stock worth $10,941,000 after buying an additional 8,752 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. B. Riley raised their target price on shares of FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday. Evercore ISI cut their target price on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research report on Thursday. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Finally, Stifel Nicolaus reduced their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, FormFactor has a consensus rating of “Hold” and an average price target of $42.71.

FormFactor Company Profile

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.