Insider Selling: FormFactor, Inc. (NASDAQ:FORM) CEO Sells 4,000 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the sale, the chief executive officer now directly owns 523,187 shares in the company, valued at $26,645,913.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $59.00, for a total value of $236,000.00.

FormFactor Stock Performance

FormFactor stock traded up $0.35 during trading hours on Monday, hitting $41.25. The company had a trading volume of 1,575,856 shares, compared to its average volume of 568,080. The firm has a market cap of $3.18 billion, a PE ratio of 30.99 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.67. FormFactor, Inc. has a one year low of $29.50 and a one year high of $63.63. The firm has a 50-day moving average of $57.16 and a 200 day moving average of $49.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FORM shares. TD Cowen lifted their price objective on FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a report on Thursday. DA Davidson lifted their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup lifted their target price on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of FormFactor in a research note on Thursday. Finally, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in shares of FormFactor by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock worth $2,349,000 after acquiring an additional 200 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 shares in the last quarter. Arizona State Retirement System boosted its position in shares of FormFactor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after acquiring an additional 331 shares in the last quarter. CWM LLC boosted its position in shares of FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 370 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of FormFactor by 21.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 406 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

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.