FormFactor (NASDAQ:FORM) CEO Sells $432,224.84 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 7,669 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $56.36, for a total value of $432,224.84. Following the completion of the transaction, the chief executive officer directly owned 525,601 shares of the company’s stock, valued at $29,622,872.36. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, November 19th, Mike Slessor sold 8,403 shares of FormFactor stock. The stock was sold at an average price of $50.06, for a total transaction of $420,654.18.

FormFactor Trading Down 3.8%

Shares of FORM stock traded down $2.15 during trading on Wednesday, hitting $53.83. 2,244,733 shares of the stock traded hands, compared to its average volume of 888,879. The firm has a market capitalization of $4.17 billion, a P/E ratio of 103.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $61.10. The firm’s fifty day moving average price is $50.22 and its 200-day moving average price is $39.02.

Analyst Ratings Changes

A number of brokerages have issued reports on FORM. Stifel Nicolaus set a $42.00 target price on shares of FormFactor in a research report on Thursday, October 30th. B. Riley raised their price target on shares of FormFactor from $66.00 to $78.00 and gave the company a “buy” rating in a report on Friday, December 12th. Cowen reiterated a “hold” rating on shares of FormFactor in a report on Thursday, October 30th. DA Davidson set a $55.00 target price on FormFactor in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Institutional Trading of FormFactor

Several hedge funds have recently added to or reduced their stakes in FORM. Salomon & Ludwin LLC acquired a new stake in FormFactor during the third quarter worth $25,000. MassMutual Private Wealth & Trust FSB raised its position in FormFactor by 282.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 547 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 969 shares during the period. Jones Financial Companies Lllp lifted its holdings in FormFactor by 84.4% in the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 453 shares during the period. Finally, Hantz Financial Services Inc. raised its position in shares of FormFactor by 547.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 882 shares during the last quarter. Institutional investors 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.