FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 7,669 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 7,669 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $56.36, for a total transaction of $432,224.84. Following the completion of the transaction, the chief executive officer owned 525,601 shares of the company’s stock, valued at approximately $29,622,872.36. The trade was a 1.44% 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 the SEC website.

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

• On Wednesday, November 19th, Mike Slessor sold 8,403 shares of FormFactor stock. The stock was sold at an average price of $50.06, for a total value of $420,654.18.

FormFactor Stock Performance

Shares of FORM traded up $2.55 on Thursday, reaching $56.38. The company’s stock had a trading volume of 33,913 shares, compared to its average volume of 886,049. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46. The stock has a market capitalization of $4.37 billion, a P/E ratio of 108.92 and a beta of 1.12. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $61.10. The stock’s 50 day simple moving average is $50.54 and its two-hundred day simple moving average is $39.12.

Institutional Trading of FormFactor

Several large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new stake in FormFactor during the 3rd quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of FormFactor by 282.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 547 shares during the period. AlphaQuest LLC increased its stake in shares of FormFactor by 96,900.0% in the 1st quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 969 shares in the last quarter. Jones Financial Companies Lllp boosted its position in FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 453 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in FormFactor by 547.8% during the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 882 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Cantor Fitzgerald initiated coverage on FormFactor in a report on Tuesday, November 18th. They set an “overweight” rating and a $75.00 price objective on the stock. Stifel Nicolaus set a $42.00 price target on shares of FormFactor in a research note on Thursday, October 30th. Zacks Research raised shares of FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Cowen reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, October 30th. Finally, Wall Street Zen raised FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and an average target price of $57.00.

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.