Mike Slessor Sells 11,294 Shares of FormFactor (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,294 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $127.72, for a total value of $1,442,469.68. Following the completion of the sale, the chief executive officer directly owned 449,565 shares of the company’s stock, valued at approximately $57,418,441.80. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Thursday, January 15th, Mike Slessor sold 13,088 shares of FormFactor stock. The stock was sold at an average price of $76.81, for a total value of $1,005,289.28.

FormFactor Stock Up 1.0%

NASDAQ FORM traded up $1.34 during trading on Wednesday, hitting $129.62. The company’s stock had a trading volume of 1,723,188 shares, compared to its average volume of 1,522,936. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.60. The company has a market cap of $10.10 billion, a PE ratio of 187.86 and a beta of 1.04. The business’s 50 day simple moving average is $98.04 and its 200-day simple moving average is $70.61. FormFactor, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $136.00.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.11. The business had revenue of $215.16 million during the quarter, compared to the consensus estimate of $210.29 million. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. On average, equities analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FORM. Evercore raised their price target on FormFactor from $50.00 to $80.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Piper Sandler set a $100.00 target price on FormFactor in a report on Monday, February 2nd. Loop Capital set a $64.00 target price on FormFactor in a report on Tuesday, January 27th. Freedom Capital raised FormFactor to a “hold” rating in a report on Tuesday, January 27th. Finally, Cantor Fitzgerald lifted their target price on FormFactor from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor currently has a consensus rating of “Moderate Buy” and an average target price of $87.91.

Institutional Investors Weigh In On FormFactor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of FormFactor by 4.0% during the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares during the period. Reinhart Partners LLC. raised its position in FormFactor by 26.3% during the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after acquiring an additional 500,156 shares in the last quarter. Alliancebernstein L.P. raised its position in FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after acquiring an additional 73,644 shares in the last quarter. Morgan Stanley raised its position in FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after acquiring an additional 1,127,146 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in FormFactor by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after acquiring an additional 7,150 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

About FormFactor

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.