FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 50,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $25.91, for a total transaction of $1,295,500.00. Following the transaction, the chief executive officer now owns 361,623 shares in the company, valued at approximately $9,369,651.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Mike Slessor also recently made the following trade(s):
- On Monday, December 2nd, Mike Slessor sold 14,976 shares of FormFactor stock. The stock was sold at an average price of $22.82, for a total value of $341,752.32.
Shares of NASDAQ:FORM opened at $27.25 on Friday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 53.43 and a beta of 1.71. FormFactor, Inc. has a 1-year low of $14.20 and a 1-year high of $28.58. The company has a current ratio of 3.07, a quick ratio of 2.46 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $26.46 and a two-hundred day moving average price of $21.88.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The firm had revenue of $178.63 million during the quarter, compared to analysts’ expectations of $173.99 million. FormFactor had a return on equity of 10.09% and a net margin of 6.67%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. As a group, equities analysts predict that FormFactor, Inc. will post 0.92 EPS for the current year.
FORM has been the subject of several recent research reports. Stifel Nicolaus cut FormFactor from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Thursday, February 6th. BidaskClub raised FormFactor from a “hold” rating to a “buy” rating in a report on Friday. Sidoti initiated coverage on FormFactor in a report on Tuesday, January 21st. They set a “neutral” rating and a $30.00 price objective for the company. Northland Securities reissued a “hold” rating and set a $20.00 price objective on shares of FormFactor in a report on Thursday, October 31st. Finally, DA Davidson reissued a “buy” rating and set a $28.00 price objective (up from $25.00) on shares of FormFactor in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.57.
Large investors have recently made changes to their positions in the business. FMR LLC increased its stake in shares of FormFactor by 261,685.1% in the 1st quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock valued at $16,427,000 after acquiring an additional 1,020,572 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of FormFactor by 14.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 42,292 shares of the semiconductor company’s stock valued at $663,000 after acquiring an additional 5,232 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of FormFactor in the 2nd quarter valued at about $8,054,000. United Services Automobile Association increased its stake in shares of FormFactor by 43.9% in the 2nd quarter. United Services Automobile Association now owns 16,954 shares of the semiconductor company’s stock valued at $266,000 after acquiring an additional 5,172 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of FormFactor by 6.2% in the 3rd quarter. Pacer Advisors Inc. now owns 16,258 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 951 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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