FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 16,002 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90. Following the transaction, the chief executive officer owned 484,204 shares in the company, valued at approximately $63,406,513.80. The trade was a 3.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 10th, Mike Slessor sold 11,890 shares of FormFactor stock. The shares were sold at an average price of $121.35, for a total value of $1,442,851.50.

FormFactor Stock Up 5.0%

Shares of NASDAQ:FORM opened at $138.16 on Tuesday. FormFactor, Inc. has a 52-week low of $27.00 and a 52-week high of $160.27. The stock has a market cap of $10.77 billion, a P/E ratio of 94.63 and a beta of 1.25. The business has a fifty day moving average of $123.12 and a two-hundred day moving average of $115.20. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The business had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts expect that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Institutional Trading of FormFactor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new position in shares of FormFactor during the second quarter worth $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of FormFactor in the fourth quarter valued at $25,000. UMB Bank n.a. raised its holdings in shares of FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the period. Torren Management LLC acquired a new position in FormFactor during the 4th quarter worth about $41,000. Finally, Persistent Asset Partners Ltd acquired a new position in FormFactor during the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. Stifel Nicolaus set a $135.00 target price on FormFactor in a research note on Thursday, April 30th. Citigroup lifted their target price on FormFactor to $165.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Evercore set a $150.00 price target on FormFactor in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

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.