Key Points
- CEO Mike Slessor sold 7,669 shares on December 17 at an average price of $56.36 for a total of about $432,225, trimming his stake by 1.44% to 525,601 shares.
- Slessor also sold 8,403 shares on November 19 at an average of $50.06 for roughly $420,654, indicating multiple recent insider dispositions.
- FormFactor shares traded around $56.38 with a $4.37 billion market cap and a P/E of 108.92, while institutional investors own about 98.76% of the stock and analysts have a consensus "Hold" rating with a $57 target.
FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 7,669 shares of the company's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $56.36, for a total transaction of $432,224.84. Following the sale, the chief executive officer directly owned 525,601 shares of the company's stock, valued at approximately $29,622,872.36. This represents a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Mike Slessor also recently made the following trade(s):
- 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 transaction of $420,654.18.
FormFactor Price Performance
Shares of FORM stock traded up $2.55 during trading hours on Thursday, reaching $56.38. The company had a trading volume of 33,913 shares, compared to its average volume of 886,049. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $61.10. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 108.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 4.30. The stock has a fifty day moving average of $50.54 and a 200-day moving average of $39.12.
Institutional Investors Weigh In On FormFactor
Institutional investors and hedge funds have recently made changes to their positions in the business. Earnest Partners LLC increased its holdings in shares of FormFactor by 0.3% in the first quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company's stock valued at $171,299,000 after purchasing an additional 18,039 shares during the period. Bank of America Corp DE lifted its stake in shares of FormFactor by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company's stock worth $96,586,000 after acquiring an additional 108,487 shares during the period. Reinhart Partners LLC. increased its stake in shares of 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 acquiring an additional 500,156 shares during the period. Alliancebernstein L.P. raised its holdings in FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company's stock worth $87,305,000 after purchasing an additional 73,644 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in FormFactor by 170.2% in the second 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 purchasing an additional 1,319,345 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
FORM has been the subject of several research reports. Stifel Nicolaus set a $42.00 target price on FormFactor in a research report on Thursday, October 30th. Cowen restated a "hold" rating on shares of FormFactor in a research note on Thursday, October 30th. Evercore ISI boosted their target price on FormFactor from $31.00 to $50.00 and gave the stock an "in-line" rating in a research note on Thursday, October 30th. B. Riley raised their price objective on shares of FormFactor from $66.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, December 12th. Finally, Wall Street Zen upgraded shares of FormFactor from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, FormFactor currently has an average rating of "Hold" and a consensus target price of $57.00.
Get Our Latest Stock Report on FormFactor
About FormFactor
(
Get Free Report)
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.
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