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 the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the transaction, the chief executive officer now directly owns 518,531 shares of the company's stock, valued at $20,212,338.38. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $177,760.00.
• 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 transaction of $162,360.00.

FormFactor Stock Down 6.5 %

NASDAQ:FORM traded down $2.49 on Friday, hitting $35.84. 1,448,182 shares of the company's stock traded hands, compared to its average volume of 967,823. The firm has a 50-day moving average price of $42.89 and a 200-day moving average price of $44.14. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.78 billion, a PE ratio of 20.60 and a beta of 1.07. FormFactor, Inc. has a 1 year low of $32.71 and a 1 year high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 18.29% and a return on equity of 5.38%. Equities analysts anticipate that FormFactor, Inc. will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. TD Cowen cut their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and upped their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $64.00 to $34.00 in a research note on Thursday. Finally, Evercore ISI dropped their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, FormFactor has an average rating of "Hold" and a consensus target price of $48.50.

Hedge Funds Weigh In On FormFactor

A number of hedge funds have recently modified their holdings of FORM. State Street Corp grew its stake in FormFactor by 1.4% in the third quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company's stock valued at $134,019,000 after purchasing an additional 39,784 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock valued at $95,105,000 after buying an additional 73,982 shares during the last quarter. Channing Capital Management LLC lifted its holdings in shares of FormFactor by 10.3% during the 4th quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company's stock valued at $67,225,000 after buying an additional 142,776 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of FormFactor by 8.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company's stock valued at $48,928,000 after buying an additional 79,191 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in FormFactor by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock worth $40,499,000 after buying an additional 34,338 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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.