FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor 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 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 sale, the chief executive officer now owns 487,581 shares in the company, valued at approximately $28,767,279. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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

NASDAQ:FORM opened at $60.93 on Wednesday. The company’s 50-day moving average price is $55.38 and its 200-day moving average price is $46.80. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.70 billion, a P/E ratio of 46.16 and a beta of 1.11. FormFactor, Inc. has a twelve month low of $29.50 and a twelve month high of $62.68.

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

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in shares of FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after buying an additional 260 shares in the last quarter. GAMMA Investing LLC raised its stake in FormFactor by 21.8% during the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 406 shares during the period. Swiss National Bank raised its stake in FormFactor by 0.4% during the first quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock worth $7,009,000 after purchasing an additional 600 shares during the period. Riverview Trust Co purchased a new position in FormFactor during the first quarter worth about $28,000. Finally, Blue Trust Inc. raised its stake in FormFactor by 18.5% during the fourth quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 824 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. TD Cowen increased their price objective on shares of FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Citigroup increased their price objective on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Needham & Company LLC increased their price objective on shares of FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, B. Riley increased their price objective on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 20th. 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 an average rating of “Hold” and a consensus price target of $49.30.

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.