FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor Sells 4,000 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total transaction of $203,720.00. Following the sale, the chief executive officer now directly owns 523,187 shares in the company, valued at approximately $26,645,913.91. The transaction was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $59.00, for a total transaction of $236,000.00.

FormFactor Stock Up 0.9 %

FORM stock traded up $0.35 during midday trading on Monday, reaching $41.25. 1,575,856 shares of the company were exchanged, compared to its average volume of 568,080. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.46. FormFactor, Inc. has a 1-year low of $29.50 and a 1-year high of $63.63. The stock’s 50-day simple moving average is $57.16 and its 200 day simple moving average is $49.52. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 30.99 and a beta of 1.12.

Analyst Ratings Changes

FORM has been the subject of a number of research reports. Evercore ISI initiated coverage on shares of FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of FormFactor in a report on Thursday. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. TD Cowen upped their price objective on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a report on Thursday. Finally, Craig Hallum upped their price objective on shares of FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.63.

Hedge Funds Weigh In On FormFactor

A number of hedge funds have recently modified their holdings of the business. Riverview Trust Co purchased a new position in FormFactor in the 1st quarter valued at $28,000. Innealta Capital LLC acquired a new stake in FormFactor in the second quarter valued at $38,000. GAMMA Investing LLC acquired a new stake in FormFactor in the fourth quarter valued at $55,000. Quadrant Capital Group LLC lifted its holdings in FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 260 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of FormFactor during the 1st quarter worth $70,000. 98.76% of the stock is currently 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.