FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 11,890 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,890 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the completion of the transaction, the chief executive officer directly owned 435,147 shares in the company, valued at $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 13th, Mike Slessor sold 9,438 shares of FormFactor stock. The shares were sold at an average price of $126.52, for a total value of $1,194,095.76.
• On Wednesday, April 15th, Mike Slessor sold 11,294 shares of FormFactor stock. The shares were sold at an average price of $127.72, for a total value of $1,442,469.68.
• On Wednesday, March 18th, Mike Slessor sold 10,227 shares of FormFactor stock. The stock was sold at an average price of $95.15, for a total value of $973,099.05.

FormFactor Price Performance

Shares of FORM traded up $14.43 during midday trading on Thursday, hitting $130.24. 1,207,383 shares of the company traded hands, compared to its average volume of 1,580,479. The stock has a 50-day moving average of $128.80 and a 200-day moving average of $95.06. FormFactor, Inc. has a one year low of $26.08 and a one year high of $159.09. The firm has a market cap of $10.15 billion, a P/E ratio of 149.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, sell-side analysts predict that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in FormFactor by 1,077.3% during the 1st quarter. Parallel Advisors LLC now owns 6,381 shares of the semiconductor company’s stock valued at $619,000 after buying an additional 5,839 shares in the last quarter. Glenmede Trust Co. NA bought a new position in FormFactor during the 1st quarter valued at approximately $322,000. Cim Investment Management Inc. increased its position in FormFactor by 10.8% during the 1st quarter. Cim Investment Management Inc. now owns 5,071 shares of the semiconductor company’s stock valued at $492,000 after buying an additional 493 shares in the last quarter. Edgestream Partners L.P. bought a new position in FormFactor during the 1st quarter valued at approximately $4,450,000. Finally, Janus Henderson Group PLC increased its position in FormFactor by 8.2% during the 1st quarter. Janus Henderson Group PLC now owns 35,569 shares of the semiconductor company’s stock valued at $3,450,000 after buying an additional 2,700 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FORM. Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price objective on the stock in a report on Friday, June 5th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup lifted their price objective on FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. Finally, Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.