FormFactor (NASDAQ:FORM) Stock: Insider Mike Slessor Sells 11,098 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,098 shares of the stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the completion of the sale, the chief executive officer directly owned 455,596 shares in the company, valued at approximately $57,040,619.20. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 16th, Mike Slessor sold 17,510 shares of FormFactor stock. The stock was sold at an average price of $104.73, for a total transaction of $1,833,822.30.
• On Friday, August 14th, Mike Slessor sold 16,002 shares of FormFactor stock. The stock was sold at an average price of $130.95, for a total transaction of $2,095,461.90.

FormFactor Price Performance

NASDAQ FORM traded down $8.38 on Wednesday, hitting $119.71. The stock had a trading volume of 1,199,366 shares, compared to its average volume of 2,004,403. FormFactor, Inc. has a 52-week low of $40.60 and a 52-week high of $160.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 81.99 and a beta of 1.18. The firm has a 50-day moving average of $120.44 and a 200-day moving average of $123.53.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. The firm had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities analysts expect that FormFactor, Inc. will post 2.70 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of FormFactor in a report on Wednesday, September 30th. They set a “buy” rating and a $200.00 price objective for the company. Stifel Nicolaus set a $115.00 target price on shares of FormFactor in a research report on Tuesday. Weiss Ratings lowered shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.83.

Institutional Trading of FormFactor

A number of hedge funds have recently bought and sold shares of FORM. Keating Financial Advisory Services Inc. purchased a new stake in shares of FormFactor in the 2nd quarter valued at $25,000. Persistent Asset Partners Ltd bought a new position in FormFactor during the 2nd quarter worth approximately $43,000. USA Financial Formulas bought a new stake in FormFactor in the first quarter valued at approximately $46,000. Allworth Financial LP bought a new position in shares of FormFactor in the second quarter worth approximately $72,000. Finally, EverSource Wealth Advisors LLC raised its holdings in FormFactor by 51.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the semiconductor company’s stock valued at $168,000 after buying an additional 586 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.