Key Points
- CEO Mike Slessor sold 39,606 shares on Jan. 6 at $65 each for $2,574,390, trimming his stake by 7.54% to 485,995 shares valued at about $31.59 million.
- FormFactor shares opened at $64 (up ~2.1%), trading near a 12‑month high of $66.47 with a market cap of ~$4.96 billion and a high PE of 123; the consensus analyst rating is "Hold" with an average target of $57, below the current price.
- Institutional investors own about 98.76% of the stock, and several funds have recently increased positions—most notably Select Equity Group, which boosted its stake to 345,782 shares.
FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 39,606 shares of the company's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $65.00, for a total transaction of $2,574,390.00. Following the completion of the sale, the chief executive officer directly owned 485,995 shares of the company's stock, valued at $31,589,675. The trade was a 7.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mike Slessor also recently made the following trade(s):
- 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 transaction of $420,654.18.
FormFactor Trading Up 2.1%
FormFactor stock opened at $64.00 on Wednesday. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $66.47. 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 stock has a market capitalization of $4.96 billion, a PE ratio of 123.08 and a beta of 1.12. The firm has a 50 day simple moving average of $55.12 and a 200-day simple moving average of $41.63.
Institutional Trading of FormFactor
Hedge funds have recently modified their holdings of the business. Federation des caisses Desjardins du Quebec raised its position in FormFactor by 7.3% during the first quarter. Federation des caisses Desjardins du Quebec now owns 40,231 shares of the semiconductor company's stock valued at $1,138,000 after buying an additional 2,720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in FormFactor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company's stock valued at $1,303,000 after acquiring an additional 2,001 shares in the last quarter. Petrus Trust Company LTA acquired a new position in shares of FormFactor in the 1st quarter valued at about $317,000. Select Equity Group L.P. lifted its position in shares of FormFactor by 459.5% in the first quarter. Select Equity Group L.P. now owns 345,782 shares of the semiconductor company's stock worth $9,782,000 after purchasing an additional 283,983 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company's stock valued at $150,000 after purchasing an additional 4,743 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
Wall Street Analysts Forecast Growth
FORM has been the subject of several research reports. Evercore ISI raised their target price on FormFactor from $31.00 to $50.00 and gave the company an "in-line" rating in a research note on Thursday, October 30th. B. Riley boosted their target price on shares of FormFactor from $66.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, December 12th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $31.00 to $62.00 in a research report on Thursday, October 30th. TD Cowen raised their price objective on FormFactor from $35.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, October 30th. Finally, Cowen restated a "hold" rating on shares of FormFactor in a report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $57.00.
Read Our Latest Stock Analysis on FORM
About FormFactor
(
Get Free Report)
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.
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