Mike Slessor Sells 11,890 Shares of FormFactor (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,890 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total value of $1,442,851.50. Following the completion of the sale, the chief executive officer owned 435,147 shares of the company’s stock, valued at $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $126.52, for a total value of $1,194,095.76.
• On Wednesday, April 15th, Mike Slessor sold 11,294 shares of FormFactor stock. The stock was sold at an average price of $127.72, for a total value of $1,442,469.68.
• On Wednesday, March 18th, Mike Slessor sold 10,227 shares of FormFactor stock. The stock was sold at an average price of $95.15, for a total value of $973,099.05.

FormFactor Price Performance

NASDAQ FORM opened at $139.21 on Friday. The stock has a market capitalization of $10.85 billion, a P/E ratio of 160.01 and a beta of 1.26. FormFactor, Inc. has a 1 year low of $26.08 and a 1 year high of $159.09. The business’s fifty day moving average is $129.57 and its two-hundred day moving average is $95.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FORM shares. TD Cowen upped their price target on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a report on Friday, June 5th. Northland Securities set a $118.00 price target on FormFactor in a report on Thursday, April 30th. Citigroup upped their price target on FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Tuesday, May 12th. One equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in FormFactor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after buying an additional 2,001 shares during the period. Jones Financial Companies Lllp raised its position in FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 4,743 shares during the period. Goldman Sachs Group Inc. raised its position in FormFactor by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after buying an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in FormFactor by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after buying an additional 9,394 shares during the period. Finally, Intech Investment Management LLC raised its position in FormFactor by 18.1% during the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after buying an additional 8,194 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

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.