Mike Slessor Sells 14,976 Shares of FormFactor, Inc. (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 14,976 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $22.82, for a total value of $341,752.32. Following the sale, the chief executive officer now directly owns 336,623 shares in the company, valued at approximately $7,681,736.86. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, November 12th, Mike Slessor sold 25,000 shares of FormFactor stock. The shares were sold at an average price of $22.62, for a total value of $565,500.00.
  • On Thursday, September 5th, Mike Slessor sold 14,835 shares of FormFactor stock. The stock was sold at an average price of $18.03, for a total value of $267,475.05.

Shares of FORM stock traded up $0.43 during trading hours on Wednesday, reaching $22.93. 16,143 shares of the company’s stock were exchanged, compared to its average volume of 385,762. FormFactor, Inc. has a 1 year low of $12.72 and a 1 year high of $23.56. The company has a current ratio of 2.75, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.75 billion, a PE ratio of 29.77 and a beta of 1.73. The stock’s fifty day moving average price is $22.10 and its two-hundred day moving average price is $18.01.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $140.60 million during the quarter, compared to analyst estimates of $140.54 million. FormFactor had a net margin of 19.18% and a return on equity of 8.82%. FormFactor’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. On average, equities analysts expect that FormFactor, Inc. will post 0.68 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on FORM shares. Stifel Nicolaus set a $24.00 price objective on FormFactor and gave the company a “buy” rating in a research report on Friday, October 25th. ValuEngine downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, November 4th. B. Riley started coverage on shares of FormFactor in a research report on Friday, November 22nd. They set a “buy” rating and a $26.00 price target for the company. Finally, Northland Securities restated a “hold” rating and issued a $20.00 price target on shares of FormFactor in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.50.

A number of institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in shares of FormFactor by 261,685.1% during the first quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock worth $16,427,000 after purchasing an additional 1,020,572 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in FormFactor by 500.9% in the third quarter. Point72 Asset Management L.P. now owns 744,300 shares of the semiconductor company’s stock valued at $13,877,000 after purchasing an additional 620,446 shares during the period. Nuveen Asset Management LLC acquired a new stake in FormFactor in the second quarter valued at approximately $8,054,000. Earnest Partners LLC increased its position in shares of FormFactor by 8.2% in the second quarter. Earnest Partners LLC now owns 4,802,276 shares of the semiconductor company’s stock valued at $75,252,000 after buying an additional 363,436 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of FormFactor by 28.7% during the 2nd quarter. Wells Fargo & Company MN now owns 994,992 shares of the semiconductor company’s stock valued at $15,591,000 after buying an additional 221,787 shares in the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

About FormFactor

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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