Insider Selling: FormFactor, Inc. (NASDAQ:FORM) CEO Sells 4,000 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares in the company, valued at approximately $14,533,716. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, February 3rd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were 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 Stock Up 0.3 %

Shares of NASDAQ:FORM traded up $0.09 on Tuesday, hitting $28.38. 892,109 shares of the company traded hands, compared to its average volume of 717,095. The stock has a 50 day simple moving average of $34.85 and a 200-day simple moving average 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. The company has a market cap of $2.20 billion, a PE ratio of 31.89 and a beta of 1.07. FormFactor, Inc. has a 52 week low of $27.55 and a 52 week high of $63.63.

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%. As a group, research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FORM shares. Stifel Nicolaus reduced their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Evercore ISI lowered 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. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.50.

Hedge Funds Weigh In On FormFactor

A number of hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in FormFactor by 11.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,720 shares of the semiconductor company’s stock valued at $340,000 after purchasing an additional 822 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of FormFactor during the fourth quarter valued at $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of FormFactor by 45.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 164,585 shares of the semiconductor company’s stock valued at $7,242,000 after buying an additional 51,487 shares during the last quarter. Vident Advisory LLC increased its holdings in FormFactor by 21.5% in the 4th quarter. Vident Advisory LLC now owns 6,140 shares of the semiconductor company’s stock worth $270,000 after buying an additional 1,088 shares in the last quarter. Finally, Soviero Asset Management LP purchased a new position in FormFactor in the 4th quarter worth about $3,256,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.