FormFactor, Inc. (NASDAQ:FORM) CEO Sells $155,920.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value of $177,760.00.
• On Monday, December 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $40.59, for a total value of $162,360.00.

FormFactor Stock Performance

NASDAQ:FORM opened at $41.12 on Thursday. The firm has a market capitalization of $3.18 billion, a PE ratio of 23.63 and a beta of 1.07. The stock’s fifty day moving average is $43.00 and its 200 day moving average is $44.35. FormFactor, Inc. has a fifty-two week low of $37.25 and a fifty-two week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76.

FormFactor (NASDAQ:FORM) last released its earnings results 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 return on equity of 5.38% and a net margin of 18.29%. On average, sell-side analysts anticipate that FormFactor, Inc. will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FORM shares. TD Cowen cut their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, Needham & Company LLC downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. New York State Common Retirement Fund lifted its stake in shares of FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after acquiring an additional 290,254 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in FormFactor by 29.6% in the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock worth $26,988,000 after purchasing an additional 134,170 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of FormFactor by 91.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company’s stock worth $11,396,000 after purchasing an additional 123,333 shares during the last quarter. Barclays PLC boosted its stake in shares of FormFactor by 351.9% during the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock valued at $6,692,000 after purchasing an additional 113,296 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in shares of FormFactor by 59.3% in the third quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company’s stock worth $12,729,000 after purchasing an additional 112,537 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

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.