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 FormFactor stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the transaction, the chief executive officer now owns 514,650 shares of the company’s stock, valued at approximately $14,533,716. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, February 3rd, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00.
• On Thursday, January 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00.

FormFactor Stock Performance

Shares of FORM opened at $28.38 on Wednesday. FormFactor, Inc. has a 52-week low of $27.55 and a 52-week high of $63.63. The firm has a market capitalization of $2.20 billion, a PE ratio of 31.89 and a beta of 1.08. The firm has a 50-day moving average price of $34.85 and a 200 day moving average price of $40.35. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FormFactor

Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in shares of FormFactor by 127.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock valued at $137,050,000 after buying an additional 1,742,493 shares during the period. Earnest Partners LLC raised its position in FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock worth $265,632,000 after acquiring an additional 594,426 shares in the last quarter. Bank of America Corp DE lifted its holdings in FormFactor by 29.9% in the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock valued at $111,861,000 after acquiring an additional 585,117 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in FormFactor by 138.2% in the 4th quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company’s stock valued at $43,205,000 after acquiring an additional 569,677 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after purchasing an additional 484,176 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Evercore ISI reduced their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.50.

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.