Key Points
- Mike Slessor sold 13,088 FormFactor shares on Jan. 15 at an average price of $76.81 for about $1.005M, leaving him with 472,907 shares (a 2.69% reduction in his stake), as disclosed in an SEC filing.
- He has been selling repeatedly since November, disposing of a total of ~68,766 shares across four transactions (Nov.–Jan.) for roughly $4.43M in proceeds.
- FormFactor is trading near its 52-week high (opened $75.28, high $78) and was up 4.6%; the company has a $5.84B market cap and high P/E (144.77), while analysts' consensus is a “Moderate Buy” with an average price target of $59.88, below the current price.
FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 13,088 shares of the firm's 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $65.00, for a total value of $2,574,390.00.
- On Wednesday, December 17th, Mike Slessor sold 7,669 shares of FormFactor stock. The stock was sold at an average price of $56.36, for a total value of $432,224.84.
- On Wednesday, November 19th, Mike Slessor sold 8,403 shares of FormFactor stock. The shares were sold at an average price of $50.06, for a total value of $420,654.18.
FormFactor Stock Up 4.6%
FormFactor stock opened at $75.28 on Friday. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 144.77 and a beta of 1.12. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $78.00. 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 firm has a 50 day moving average price of $57.31 and a two-hundred day moving average price of $43.25.
Analyst Ratings Changes
FORM has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on FormFactor from $31.00 to $50.00 and gave the company an "in-line" rating in a research note on Thursday, October 30th. Wall Street Zen upgraded FormFactor from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Stifel Nicolaus boosted their target price on shares of FormFactor from $42.00 to $65.00 and gave the company a "hold" rating in a research report on Wednesday. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $31.00 to $62.00 in a report on Thursday, October 30th. Finally, TD Cowen increased their price objective on shares of FormFactor from $35.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.88.
Get Our Latest Analysis on FORM
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of FormFactor during the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of FormFactor by 282.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 547 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of FormFactor by 84.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company's stock worth $35,000 after buying an additional 453 shares during the last quarter. Hantz Financial Services Inc. grew its position in FormFactor by 547.8% during the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company's stock valued at $38,000 after buying an additional 882 shares during the period. Finally, State of Wyoming raised its position in FormFactor by 18.4% in the third quarter. State of Wyoming now owns 1,680 shares of the semiconductor company's stock worth $61,000 after acquiring an additional 261 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
