Insider Selling: FormFactor, Inc. (NASDAQ:FORM) CEO Sells 4,000 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

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

FormFactor Stock Up 0.5 %

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FORM shares. TD Cowen dropped their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC decreased their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a 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 has an average rating of “Hold” and an average price target of $55.38.

Institutional Investors Weigh In On FormFactor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its stake in FormFactor by 99.4% during the 3rd 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 during the last quarter. Quarry LP boosted its stake in FormFactor by 131.7% in 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 FormFactor in the 2nd quarter valued at about $43,000. CWM LLC raised its position in FormFactor by 57.3% in 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 lifted its stake in shares of FormFactor by 49.6% during 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. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.