Mike Slessor Sells 4,000 Shares of FormFactor, Inc. (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $44.44, for a total transaction of $177,760.00.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $25.25 on Friday. The company has a 50-day moving average price of $34.19 and a two-hundred day moving average price of $40.16. FormFactor, Inc. has a twelve month low of $25.21 and a twelve month high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.96 billion, a PE ratio of 28.37 and a beta of 1.08.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Equities analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

Institutional Trading of FormFactor

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

Wall Street Analysts Forecast Growth

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

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.