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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 13,088 shares of the stock in a transaction on 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 directly owned 472,907 shares of the company’s stock, valued at approximately $36,323,986.67. This represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, January 6th, Mike Slessor sold 39,606 shares of FormFactor stock. The stock was sold at an average price of $65.00, for a total transaction of $2,574,390.00.
• On Wednesday, December 17th, Mike Slessor sold 7,669 shares of FormFactor stock. The shares were sold at an average price of $56.36, for a total transaction 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 Stock Performance

Shares of NASDAQ FORM opened at $75.28 on Friday. 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 firm has a market cap of $5.84 billion, a price-to-earnings ratio of 144.77 and a beta of 1.12. The stock’s fifty day moving average price is $57.31 and its two-hundred day moving average price is $43.25. FormFactor, Inc. has a one year low of $22.58 and a one year high of $78.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in FormFactor by 170.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock worth $72,069,000 after purchasing an additional 1,319,345 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in FormFactor in the 3rd quarter valued at approximately $37,391,000. Shannon River Fund Management LLC bought a new position in FormFactor in the 3rd quarter valued at approximately $35,260,000. Reinhart Partners LLC. grew its holdings in FormFactor by 64.8% during the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the last quarter. Finally, Channing Capital Management LLC acquired a new position in FormFactor in the 3rd quarter valued at approximately $16,909,000. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FORM shares. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen raised shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. B. Riley reiterated a “buy” rating on shares of FormFactor in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their price target on shares of FormFactor from $42.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, FormFactor presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.88.

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.