FormFactor (NASDAQ:FORM) CEO Sells $1,194,095.76 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 9,438 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $126.52, for a total value of $1,194,095.76. Following the completion of the transaction, the chief executive officer directly owned 447,037 shares in the company, valued at $56,559,121.24. This trade represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $1,442,469.68.
• On Wednesday, March 18th, Mike Slessor sold 10,227 shares of FormFactor stock. The shares were 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 Trading Down 1.0%

FORM stock traded down $1.32 during trading on Thursday, hitting $127.99. The company had a trading volume of 1,383,617 shares, compared to its average volume of 1,696,655. The firm has a market capitalization of $9.98 billion, a P/E ratio of 147.12 and a beta of 1.32. FormFactor, Inc. has a 52-week low of $26.08 and a 52-week high of $159.09. The company has a 50 day simple moving average of $115.77 and a 200-day simple moving average of $84.08. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01.

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

Analyst Ratings Changes

FORM has been the topic of several recent research reports. TD Cowen increased their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Evercore set a $155.00 price objective on FormFactor in a research note on Thursday, April 30th. Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Citigroup increased their price target on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Northland Securities set a $118.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $132.45.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently modified their holdings of FORM. Victory Capital Management Inc. grew its position in FormFactor by 5,596.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock worth $70,090,000 after purchasing an additional 1,234,488 shares during the last quarter. Morgan Stanley lifted its stake in shares of FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of FormFactor during the fourth quarter valued at $60,495,000. Westfield Capital Management Co. LP purchased a new position in FormFactor in the 3rd quarter worth $37,391,000. Finally, Shannon River Fund Management LLC purchased a new position in FormFactor in the 3rd quarter worth $35,260,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.