FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 9,438 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 9,438 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $126.52, for a total transaction of $1,194,095.76. Following the completion of the transaction, the chief executive officer owned 447,037 shares of the company’s stock, valued at $56,559,121.24. This represents a 2.07% decrease in their ownership of the stock. 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, April 15th, Mike Slessor sold 11,294 shares of FormFactor stock. The stock was sold at an average price of $127.72, for a total transaction of $1,442,469.68.
• On Wednesday, March 18th, Mike Slessor sold 10,227 shares of FormFactor stock. The stock was sold at an average price of $95.15, for a total transaction of $973,099.05.
• On Wednesday, February 18th, Mike Slessor sold 8,664 shares of FormFactor stock. The stock was sold at an average price of $94.14, for a total transaction of $815,628.96.

FormFactor Stock Performance

Shares of FormFactor stock opened at $127.99 on Friday. The company has a market capitalization of $9.98 billion, a PE ratio of 147.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The company has a 50-day simple moving average of $116.47 and a two-hundred day simple moving average of $84.68. FormFactor, Inc. has a one year low of $26.08 and a one year high of $159.09.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Research analysts expect that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Institutional Trading of FormFactor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of FormFactor in the 4th quarter worth $25,000. UMB Bank n.a. increased its stake 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 worth $28,000 after acquiring an additional 281 shares during the last quarter. Torren Management LLC acquired a new stake in shares of FormFactor in the 4th quarter worth $41,000. Kestra Advisory Services LLC acquired a new stake in shares of FormFactor in the 4th quarter worth $53,000. Finally, Jones Financial Companies Lllp increased its stake in shares of FormFactor by 84.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 453 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FORM has been the topic of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. Northland Securities set a $118.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Citigroup upped their price objective on shares of FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, TD Cowen upped their price objective on shares of FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $132.45.

FormFactor Company Profile

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.