Mike Slessor Sells 16,002 Shares of FormFactor (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 16,002 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the completion of the transaction, the chief executive officer directly owned 484,204 shares of the company’s stock, valued at approximately $63,406,513.80. This trade represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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, June 10th, Mike Slessor sold 11,890 shares of FormFactor stock. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50.

FormFactor Price Performance

FORM stock traded up $6.56 during trading on Monday, hitting $138.16. 965,300 shares of the company’s stock traded hands, compared to its average volume of 1,685,519. FormFactor, Inc. has a 52 week low of $27.00 and a 52 week high of $160.27. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 94.63 and a beta of 1.25. The business has a fifty day simple moving average of $122.84 and a 200 day simple moving average of $114.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period in the previous year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, research analysts expect that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently bought and sold shares of FORM. Keating Financial Advisory Services Inc. bought a new stake in shares of FormFactor during the second quarter worth $25,000. Los Angeles Capital Management LLC bought a new position in shares of FormFactor in the fourth quarter worth about $25,000. UMB Bank n.a. grew its holdings in shares of FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Torren Management LLC purchased a new position in FormFactor in the 4th quarter worth about $41,000. Finally, Persistent Asset Partners Ltd purchased a new position in FormFactor in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore set a $150.00 price objective on FormFactor in a research report on Thursday, July 30th. Stifel Nicolaus set a $135.00 target price on FormFactor in a report on Thursday, April 30th. Zacks Research downgraded FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Finally, Citigroup raised their price target on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, FormFactor presently has an average rating of “Moderate Buy” and a consensus price target of $127.45.

About FormFactor

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.