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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 value of $162,360.00.

FormFactor Stock Performance

NASDAQ FORM opened at $44.22 on Friday. The company’s 50 day moving average is $42.22 and its 200-day moving average is $47.37. The firm has a market cap of $3.42 billion, a P/E ratio of 25.41 and a beta of 1.12. FormFactor, Inc. has a 12-month low of $37.21 and a 12-month high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On FormFactor

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its position in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Quarry LP grew its holdings in FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 523 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of FormFactor during the second quarter valued at about $43,000. CWM LLC lifted its holdings in shares of FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after buying an additional 1,044 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of FormFactor by 49.6% in the third 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.