FormFactor (NASDAQ:FORM) CEO Sells 17,510 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 17,510 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total value of $1,833,822.30. Following the completion of the transaction, the chief executive officer directly owned 466,694 shares of the company’s stock, valued at approximately $48,876,862.62. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 14th, Mike Slessor sold 16,002 shares of FormFactor stock. The stock was sold at an average price of $130.95, for a total transaction of $2,095,461.90.

FormFactor Stock Performance

FormFactor stock traded up $6.71 on Thursday, hitting $111.53. The company’s stock had a trading volume of 1,348,210 shares, compared to its average volume of 993,689. FormFactor, Inc. has a one year low of $33.77 and a one year high of $160.27. The firm has a market cap of $8.69 billion, a P/E ratio of 76.39 and a beta of 1.24. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $110.36 and a 200-day moving average price of $118.15.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. During the same period last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts anticipate that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on FORM shares. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. TD Cowen dropped their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, July 30th. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, FormFactor currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.

Hedge Funds Weigh In On FormFactor

Institutional investors have recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new position in FormFactor in the second quarter valued at about $25,000. Persistent Asset Partners Ltd acquired a new stake in shares of FormFactor during the second quarter worth approximately $43,000. Allworth Financial LP acquired a new stake in shares of FormFactor during the second quarter worth approximately $72,000. USA Financial Formulas bought a new position in shares of FormFactor in the first quarter valued at approximately $46,000. Finally, Clearstead Advisors LLC raised its stake in shares of FormFactor by 58.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 389 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company’s product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.