FormFactor, Inc. (NASDAQ:FORM) CEO Sells $155,920.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the transaction, the chief executive officer now owns 518,531 shares in the company, valued at $20,212,338.38. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00.
• On Monday, December 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00.

FormFactor Stock Performance

Shares of FORM opened at $41.12 on Thursday. The business has a 50-day simple moving average of $43.00 and a two-hundred day simple moving average of $44.35. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52 week low of $37.25 and a 52 week high of $63.63. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 23.63 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.38% and a net margin of 18.29%. On average, analysts expect that FormFactor, Inc. will post 0.75 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Needham & Company LLC downgraded FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. TD Cowen lowered their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, FormFactor presently has a consensus rating of “Hold” and an average price target of $56.00.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently modified their holdings of FORM. Bailard Inc. bought a new position in FormFactor in the 4th quarter worth $238,000. Smartleaf Asset Management LLC lifted its position in shares of FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 1,181 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of FormFactor by 180.2% in the fourth quarter. Fisher Asset Management LLC now owns 167,817 shares of the semiconductor company’s stock valued at $7,384,000 after acquiring an additional 107,916 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of FormFactor in the fourth quarter worth about $1,123,000. Finally, Oppenheimer Asset Management Inc. grew its position in shares of FormFactor by 1.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 55,842 shares of the semiconductor company’s stock worth $2,457,000 after purchasing an additional 742 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

About FormFactor

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.