FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 11,098 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,098 shares of FormFactor stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the completion of the transaction, the chief executive officer owned 455,596 shares of the company’s stock, valued at approximately $57,040,619.20. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 16th, Mike Slessor sold 17,510 shares of FormFactor stock. The stock was sold at an average price of $104.73, for a total value of $1,833,822.30.
• On Friday, August 14th, Mike Slessor sold 16,002 shares of FormFactor stock. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90.

FormFactor Trading Down 6.5%

Shares of NASDAQ FORM opened at $119.71 on Thursday. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 81.99 and a beta of 1.18. FormFactor, Inc. has a 12-month low of $40.60 and a 12-month high of $160.27. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $120.44 and its 200 day simple moving average is $123.53.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities research analysts expect that FormFactor, Inc. will post 2.70 EPS for the current year.

Institutional Trading of FormFactor

A number of institutional investors have recently made changes to their positions in FORM. Keating Financial Advisory Services Inc. bought a new stake in FormFactor during the second quarter worth approximately $25,000. Persistent Asset Partners Ltd bought a new position in FormFactor during the 2nd quarter valued at $43,000. Mather Group LLC. bought a new position in FormFactor during the 3rd quarter valued at $44,000. Allworth Financial LP bought a new position in FormFactor during the 2nd quarter valued at $72,000. Finally, USA Financial Formulas bought a new position in FormFactor during the 1st quarter valued at $46,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FORM. Evercore set a $150.00 price target on shares of FormFactor in a report on Thursday, July 30th. Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings cut shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Stifel Nicolaus set a $115.00 price objective on shares of FormFactor in a report on Tuesday. Finally, TD Cowen cut their price objective on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor has an average rating of “Moderate Buy” and an average price target of $131.83.

FormFactor Company Profile

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.