FormFactor, Inc. (NASDAQ:FORM) CEO Sells $177,760.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now owns 522,531 shares in the company, valued at approximately $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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

Shares of FORM opened at $44.46 on Friday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 25.55 and a beta of 1.12. FormFactor, Inc. has a 52-week low of $37.21 and a 52-week high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $42.22 and a 200 day moving average price of $47.27.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FORM. Needham & Company LLC decreased their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. TD Cowen decreased their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and an average target price of $55.38.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Xponance Inc. raised its stake in FormFactor by 5.1% during the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 241 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Arizona State Retirement System increased its position in shares of FormFactor by 1.5% during the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 331 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of FormFactor by 7.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 415 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of FormFactor by 9.2% in the 2nd quarter. Federated Hermes Inc. now owns 5,272 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds 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.