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

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the transaction, the chief executive officer now directly owns 522,531 shares in the company, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Stock Up 0.5 %

Shares of FORM traded up $0.22 during mid-day trading on Thursday, hitting $44.22. 759,286 shares of the company's stock were exchanged, compared to its average volume of 619,971. The company has a 50-day simple moving average of $42.22 and a 200 day simple moving average of $47.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market cap of $3.42 billion, a PE ratio of 25.41 and a beta of 1.12. FormFactor, Inc. has a 52 week low of $37.21 and a 52 week high of $63.63.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FORM. Advisors Asset Management Inc. boosted its stake in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after buying an additional 309 shares during the last quarter. Quarry LP boosted its position in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 523 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new position in FormFactor during the second quarter valued at approximately $43,000. CWM LLC grew its stake in FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company's stock valued at $132,000 after purchasing an additional 1,044 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of FormFactor by 49.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company's stock worth $156,000 after purchasing an additional 1,123 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Needham & Company LLC decreased their price objective on FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. TD Cowen reduced their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $55.38.

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.