FormFactor (NASDAQ:FORM) CEO Sells $1,442,851.50 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,890 shares of FormFactor stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the transaction, the chief executive officer directly owned 435,147 shares in the company, valued at approximately $52,805,088.45. The trade was a 2.66% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 13th, Mike Slessor sold 9,438 shares of FormFactor stock. The shares were sold at an average price of $126.52, for a total transaction of $1,194,095.76.
• On Wednesday, April 15th, Mike Slessor sold 11,294 shares of FormFactor stock. The shares were sold at an average price of $127.72, for a total transaction of $1,442,469.68.
• On Wednesday, March 18th, Mike Slessor sold 10,227 shares of FormFactor stock. The shares were sold at an average price of $95.15, for a total transaction of $973,099.05.

FormFactor Price Performance

NASDAQ FORM opened at $139.21 on Friday. The firm’s fifty day simple moving average is $129.57 and its two-hundred day simple moving average is $95.37. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $26.08 and a 12-month high of $159.09. The firm has a market capitalization of $10.85 billion, a P/E ratio of 160.01 and a beta of 1.26.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. During the same period in the previous year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Analysts forecast that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FORM has been the topic of several analyst reports. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Thursday. Zacks Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Northland Securities set a $118.00 price target on shares of FormFactor in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a report on Thursday, April 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FORM. Los Angeles Capital Management LLC acquired a new position in FormFactor during the fourth quarter valued at $25,000. UMB Bank n.a. lifted its position in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Jones Financial Companies Lllp lifted its position in FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 453 shares during the period. Hantz Financial Services Inc. lifted its position in FormFactor by 547.8% during the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 882 shares during the period. Finally, Torren Management LLC acquired a new position in FormFactor during the fourth quarter valued at $41,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.