Insider Selling: FormFactor (NASDAQ:FORM) CEO Sells $1,389,469.60 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,098 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were 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 of the company’s stock, valued at $57,040,619.20. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, 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 Stock Down 7.3%

Shares of FORM opened at $105.01 on Friday. FormFactor, Inc. has a 12 month low of $40.60 and a 12 month high of $160.27. The firm’s 50 day moving average is $120.16 and its 200-day moving average is $123.51. The stock has a market capitalization of $8.19 billion, a PE ratio of 71.92 and a beta of 1.18. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. The company 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 firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities research analysts forecast that FormFactor, Inc. will post 2.70 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on FORM. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Evercore set a $150.00 target price on FormFactor in a report on Thursday, July 30th. Stifel Nicolaus set a $115.00 price target on FormFactor in a research report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on FormFactor in a research note on Wednesday, September 30th. They issued a “buy” rating and a $200.00 price target for the company. One investment 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.83.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently modified their holdings of FORM. BlackRock Inc. acquired a new stake in FormFactor in the second quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd bought a new position in FormFactor in the second quarter valued at about $27,000,000. Bank of America Corp DE acquired a new position in FormFactor during the second quarter worth about $285,257,000. Primecap Management Co. CA acquired a new position in FormFactor during the second quarter worth about $270,300,000. Finally, Bank of New York Mellon Corp bought a new position in shares of FormFactor in the second quarter worth about $103,844,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

About FormFactor

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.