Insider Selling: FormFactor (NASDAQ:FORM) CEO Sells $2,095,461.90 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 16,002 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90. Following the completion of the sale, the chief executive officer directly owned 484,204 shares of the company’s stock, valued at $63,406,513.80. This trade represents a 3.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, June 10th, Mike Slessor sold 11,890 shares of FormFactor stock. The stock was sold at an average price of $121.35, for a total value of $1,442,851.50.

FormFactor Price Performance

Shares of FORM opened at $114.95 on Thursday. FormFactor, Inc. has a 12-month low of $27.00 and a 12-month high of $160.27. The business’s fifty day moving average is $123.18 and its 200 day moving average is $115.86. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.96 billion, a P/E ratio of 78.73 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. During the same quarter in the previous year, the business posted $0.27 EPS. FormFactor’s quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts anticipate that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on FORM. Evercore set a $150.00 target price on shares of FormFactor in a report on Thursday, July 30th. Zacks Research lowered FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FORM. BlackRock Inc. purchased a new stake in FormFactor in the 2nd quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd purchased a new position in shares of FormFactor in the 2nd quarter worth approximately $27,000,000. Bank of America Corp DE grew its holdings in shares of FormFactor by 4.0% in the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after acquiring an additional 108,487 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after acquiring an additional 73,644 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after acquiring an additional 1,127,146 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.