Mike Slessor Sells 13,088 Shares of FormFactor (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 13,088 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $76.81, for a total value of $1,005,289.28. Following the sale, the chief executive officer owned 472,907 shares of the company’s stock, valued at approximately $36,323,986.67. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, January 6th, Mike Slessor sold 39,606 shares of FormFactor stock. The shares were sold at an average price of $65.00, for a total value of $2,574,390.00.
• On Wednesday, December 17th, Mike Slessor sold 7,669 shares of FormFactor stock. The stock was sold at an average price of $56.36, for a total value of $432,224.84.
• 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 Trading Up 4.6%

FORM traded up $3.29 during trading on Thursday, hitting $75.28. The company’s stock had a trading volume of 1,212,863 shares, compared to its average volume of 1,315,565. The firm has a market capitalization of $5.84 billion, a P/E ratio of 144.77 and a beta of 1.12. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $78.00. The stock’s fifty day moving average price is $56.89 and its 200-day moving average price is $43.02. The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of FormFactor by 4.0% in the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after purchasing an additional 108,487 shares in the last quarter. Reinhart Partners LLC. grew its holdings in FormFactor by 26.3% during the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after buying an additional 500,156 shares in the last quarter. Alliancebernstein L.P. raised its position in FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after buying an additional 73,644 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in FormFactor by 170.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock valued at $72,069,000 after acquiring an additional 1,319,345 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in FormFactor by 3.5% during the 3rd quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock worth $59,734,000 after acquiring an additional 55,101 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Northland Securities set a $44.00 price target on shares of FormFactor in a report on Thursday, October 30th. Cowen restated a “hold” rating on shares of FormFactor in a research note on Thursday, October 30th. B. Riley reaffirmed a “buy” rating on shares of FormFactor in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a report on Wednesday, October 8th. Finally, Wall Street Zen raised FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FormFactor currently has a consensus rating of “Moderate Buy” and an average target price of $59.88.

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.