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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares of the company’s stock, valued at $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, October 1st, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $45.28, for a total value of $181,120.00.
• On Tuesday, September 3rd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00.

FormFactor Price Performance

FORM stock opened at $42.56 on Tuesday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 24.46 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $42.87 and a 200-day moving average of $49.35. FormFactor, Inc. has a 12-month low of $36.11 and a 12-month high of $63.63.

Institutional Trading of FormFactor

Institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in shares of FormFactor by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after buying an additional 200 shares in the last quarter. Xponance Inc. raised its position in FormFactor by 5.1% during the second quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 241 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Arizona State Retirement System grew its position in shares of FormFactor by 1.5% in the second quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 331 shares during the last quarter. Finally, CWM LLC increased its stake in shares of FormFactor by 25.5% during the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 370 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FORM has been the topic of several analyst reports. TD Cowen lowered their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC reduced their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.38.

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.