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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 7,669 shares of the 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 transaction, the chief executive officer owned 525,601 shares of the company’s stock, valued at approximately $29,622,872.36. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 value of $420,654.18.

FormFactor Stock Performance

Shares of FormFactor stock traded down $2.15 on Wednesday, hitting $53.83. The stock had a trading volume of 2,244,733 shares, compared to its average volume of 888,879. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $61.10. The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 103.52 and a beta of 1.12. The business’s 50 day moving average is $50.22 and its two-hundred day moving average is $39.02.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research upgraded FormFactor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Cantor Fitzgerald started coverage on FormFactor in a report on Tuesday, November 18th. They set an “overweight” rating and a $75.00 target price on the stock. Wall Street Zen upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. B. Riley boosted their price target on FormFactor from $66.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, TD Cowen upped their target price on FormFactor from $35.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $57.00.

Institutional Trading of FormFactor

A number of institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in FormFactor by 282.0% in the 2nd 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 in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of FormFactor in the 3rd quarter worth about $25,000. AlphaQuest LLC grew its position in FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 969 shares during the last quarter. Jones Financial Companies Lllp raised its position in 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 purchasing an additional 453 shares during the period. Finally, Hantz Financial Services Inc. increased 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 worth $38,000 after buying an additional 882 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.