Key Points
- FormFactor CEO Mike Slessor sold 9,438 shares on May 13 for about $1.19 million, reducing his direct ownership by 2.07%. The trade was made under a pre-arranged Rule 10b5-1 plan.
- The sale follows several recent insider disposals by Slessor, including transactions in April, March, and February, all at varying price levels. His remaining holdings were valued at about $56.6 million after the latest sale.
- FormFactor recently reported better-than-expected quarterly earnings, with EPS of $0.56 versus estimates of $0.45 and revenue up 31.9% year over year. Analysts currently rate the stock a Hold on average, with a consensus price target of $132.45.
FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 9,438 shares of the firm's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $126.52, for a total value of $1,194,095.76. Following the completion of the sale, the chief executive officer directly owned 447,037 shares of the company's stock, valued at $56,559,121.24. This trade represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, 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 stock was sold at an average price of $95.15, for a total value 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 value of $815,628.96.
FormFactor Stock Down 1.0%
Shares of FORM opened at $127.99 on Friday. FormFactor, Inc. has a 52-week low of $26.08 and a 52-week high of $159.09. The company has a market capitalization of $9.98 billion, a PE ratio of 147.12 and a beta of 1.32. The stock has a fifty day simple moving average of $116.47 and a two-hundred day simple moving average of $84.68. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.11. The business had revenue of $226.14 million during the quarter, compared to analysts' expectations of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The company's revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities analysts forecast that FormFactor, Inc. will post 2.03 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FORM. Freedom Capital upgraded FormFactor to a "hold" rating in a report on Tuesday, January 27th. Northland Securities set a $118.00 price target on FormFactor in a report on Thursday, April 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $175.00 price target on shares of FormFactor in a report on Monday, April 27th. Loop Capital set a $64.00 price target on FormFactor in a report on Tuesday, January 27th. Finally, Evercore set a $155.00 price target on FormFactor in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, FormFactor presently has an average rating of "Hold" and an average target price of $132.45.
Check Out Our Latest Research Report on FormFactor
Hedge Funds Weigh In On FormFactor
Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in FormFactor in the 4th quarter valued at about $25,000. UMB Bank n.a. increased its position in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company's stock worth $28,000 after buying an additional 281 shares during the period. Jones Financial Companies Lllp increased its position in FormFactor by 84.4% during the third 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 period. Hantz Financial Services Inc. increased 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 worth $38,000 after buying an additional 882 shares during the period. Finally, Torren Management LLC acquired a new position in FormFactor during the fourth quarter worth approximately $41,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
FormFactor Company Profile
(
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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