Insider Selling: FormFactor (NASDAQ:FORM) CEO Sells $432,224.84 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 7,669 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $56.36, for a total transaction of $432,224.84. Following the completion of the sale, the chief executive officer directly owned 525,601 shares of the company’s stock, valued at $29,622,872.36. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, November 19th, Mike Slessor sold 8,403 shares of FormFactor stock. The shares were sold at an average price of $50.06, for a total transaction of $420,654.18.

FormFactor Stock Up 3.6%

FORM stock opened at $56.97 on Friday. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $61.10. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 109.56 and a beta of 1.12. The firm’s 50-day moving average is $51.24 and its two-hundred day moving average is $39.42. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On FormFactor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Reinhart Partners LLC. boosted its stake in shares of FormFactor by 64.8% during the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock valued at $65,541,000 after buying an additional 749,088 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of FormFactor by 9.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock worth $2,106,000 after purchasing an additional 5,295 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of FormFactor during the 2nd quarter valued at about $583,000. Harbor Capital Advisors Inc. lifted its holdings in shares of FormFactor by 54.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 162,464 shares of the semiconductor company’s stock valued at $5,590,000 after buying an additional 57,470 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of FormFactor by 25.0% in the 2nd quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock valued at $14,841,000 after buying an additional 86,277 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

FORM has been the topic of several research analyst reports. DA Davidson set a $55.00 price target on FormFactor in a research report on Thursday, October 30th. Evercore ISI raised their target price on FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of FormFactor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Cantor Fitzgerald assumed coverage on shares of FormFactor in a report on Tuesday, November 18th. They issued an “overweight” rating and a $75.00 price target for the company. Finally, Northland Securities set a $44.00 price objective on shares of FormFactor in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.