FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 16,002 Shares

Key Points

• FormFactor CEO Mike Slessor sold 16,002 shares at an average price of $130.95, generating approximately $2.10 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 484,204 shares.
• FormFactor recently reported strong quarterly results, with EPS of $0.82 and revenue of $258.24 million, exceeding analyst expectations and representing 31.9% year-over-year revenue growth.
• The stock has a “Moderate Buy” consensus rating from analysts, with an average price target of $127.45, while institutional investors own 98.76% of outstanding shares.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 16,002 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the completion of the transaction, the chief executive officer owned 484,204 shares in the company, valued at $63,406,513.80. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, June 10th, Mike Slessor sold 11,890 shares of FormFactor stock. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50.

FormFactor Stock Performance

Shares of NASDAQ:FORM traded up $6.56 during midday trading on Monday, hitting $138.16. The company had a trading volume of 965,300 shares, compared to its average volume of 1,685,519. FormFactor, Inc. has a 12-month low of $27.00 and a 12-month high of $160.27. The company has a fifty day moving average of $122.84 and a two-hundred day moving average of $114.74. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 94.63 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period in the previous year, the business earned $0.27 earnings per share. FormFactor's quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities research analysts expect that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FORM shares. B. Riley Financial raised shares of FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Craig Hallum upgraded shares of FormFactor from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research report on Tuesday, May 12th. TD Cowen reduced their price objective on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, July 30th. Zacks Research cut FormFactor from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Finally, Citigroup boosted their price objective on FormFactor to $165.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor has a consensus rating of "Moderate Buy" and an average price target of $127.45.

Institutional Investors Weigh In On FormFactor

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of FormFactor during the 2nd quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd purchased a new stake in shares of FormFactor in the second quarter worth about $27,000,000. Bank of America Corp DE purchased a new stake in shares of FormFactor in the second quarter worth about $285,257,000. Primecap Management Co. CA bought a new position in FormFactor during the second quarter valued at approximately $270,300,000. Finally, Victory Capital Management Inc. boosted its stake in FormFactor by 5,596.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company's stock valued at $70,090,000 after buying an additional 1,234,488 shares during the last quarter. Institutional investors 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.

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