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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was 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 Trading Up 0.1 %

NASDAQ FORM opened at $39.60 on Wednesday. The firm has a market capitalization of $3.07 billion, a P/E ratio of 22.76 and a beta of 1.07. The business has a fifty day simple moving average of $42.96 and a 200 day simple moving average of $44.37. FormFactor, Inc. has a 12 month low of $37.25 and a 12 month high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On FormFactor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position in FormFactor by 1.4% in the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after buying an additional 39,784 shares during the last quarter. Geode Capital Management LLC increased its position in shares of FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after purchasing an additional 73,982 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of FormFactor by 8.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock valued at $48,928,000 after purchasing an additional 79,191 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FormFactor by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after purchasing an additional 32,889 shares during the last quarter. Finally, Needham Investment Management LLC increased its position in shares of FormFactor by 8.6% during the 3rd quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock valued at $28,520,000 after purchasing an additional 49,000 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.