FormFactor, Inc. (NASDAQ:FORM) CEO Sells $236,000.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $59.00, for a total transaction of $236,000.00. Following the transaction, the chief executive officer now directly owns 487,581 shares in the company, valued at $28,767,279. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, May 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $43.75, for a total transaction of $175,000.00.

FormFactor Stock Performance

Shares of FORM stock opened at $62.22 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 47.14 and a beta of 1.11. FormFactor, Inc. has a one year low of $29.50 and a one year high of $62.68. The company’s 50-day moving average is $56.16 and its 200 day moving average is $47.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The firm had revenue of $168.73 million for the quarter, compared to analysts’ expectations of $165.45 million. Sell-side analysts expect that FormFactor, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on FORM shares. Craig Hallum raised their price objective on shares of FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Evercore ISI initiated coverage on FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target on the stock. B. Riley increased their price objective on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Citigroup boosted their target price on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price target on shares of FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, FormFactor currently has a consensus rating of “Hold” and an average price target of $49.30.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in FormFactor by 21.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after buying an additional 406 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of FormFactor during the 1st quarter valued at about $70,000. Castleark Management LLC boosted its holdings in shares of FormFactor by 1.2% during the 1st quarter. Castleark Management LLC now owns 86,870 shares of the semiconductor company’s stock valued at $3,964,000 after acquiring an additional 1,050 shares during the last quarter. Grandeur Peak Global Advisors LLC bought a new stake in shares of FormFactor in the first quarter worth approximately $5,633,000. Finally, Kennedy Capital Management LLC raised its holdings in shares of FormFactor by 14.6% during the first quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company’s stock valued at $6,032,000 after purchasing an additional 16,855 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.