FormFactor, Inc. (NASDAQ:FORM) CEO Sells $177,760.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the transaction, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at approximately $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mike Slessor also recently made the following trade(s):

• On Monday, December 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00.

FormFactor Price Performance

Shares of FORM stock traded up $0.22 during mid-day trading on Thursday, hitting $44.22. 759,286 shares of the stock were exchanged, compared to its average volume of 619,971. The company has a market cap of $3.42 billion, a PE ratio of 25.41 and a beta of 1.12. The firm has a fifty day moving average of $42.21 and a 200 day moving average of $47.39. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $37.21 and a 52-week high of $63.63.

Analyst Ratings Changes

A number of research firms have recently commented on FORM. TD Cowen cut their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reduced their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.38.

Institutional Investors Weigh In On FormFactor

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. grew its holdings in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the period. Quarry LP increased its position in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor in the second quarter valued at approximately $43,000. CWM LLC grew its position in FormFactor by 57.3% during the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 1,044 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in FormFactor by 49.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 1,123 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

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.