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

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 4,000 shares of the firm’s 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 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. This trade represents a 0.76 % 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.

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

FORM opened at $44.46 on Friday. The stock’s 50-day moving average price is $42.22 and its 200 day moving average price is $47.18. FormFactor, Inc. has a 12-month low of $37.21 and a 12-month high of $63.63. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 25.55 and a beta of 1.08. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Institutional Trading of FormFactor

Several hedge funds have recently made changes to their positions in FORM. Advisors Asset Management Inc. increased 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 worth $29,000 after buying an additional 309 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of FormFactor in the second quarter valued at $43,000. Quarry LP boosted its holdings in FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 523 shares during the period. CWM LLC grew its stake 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 in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in FormFactor during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TD Cowen decreased their target price 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 decreased their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.38.

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.