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

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares of the company's stock, valued at $14,533,716. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, February 3rd, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $38.98, for a total value of $155,920.00.
• 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.

FormFactor Trading Down 4.3 %

Shares of FORM stock traded down $1.08 during trading hours on Friday, reaching $24.17. The company had a trading volume of 1,496,503 shares, compared to its average volume of 728,034. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 1-year low of $22.84 and a 1-year high of $63.63. The company has a 50 day moving average of $33.84 and a 200 day moving average of $40.02. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 27.16 and a beta of 1.08.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, equities research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FORM shares. Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and decreased their price target for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, Evercore ISI decreased their price objective on FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, FormFactor presently has an average rating of "Hold" and a consensus price target of $48.50.

Hedge Funds Weigh In On FormFactor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after purchasing an additional 1,742,493 shares in the last quarter. Earnest Partners LLC lifted its stake in FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after buying an additional 594,426 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of FormFactor by 29.9% in the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after buying an additional 585,117 shares during the period. Ameriprise Financial Inc. increased its position in shares of FormFactor by 138.2% during the fourth quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company's stock worth $43,205,000 after acquiring an additional 569,677 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after acquiring an additional 484,176 shares during the period. 98.76% of the stock is owned by institutional investors.

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.