Insider Selling: FormFactor (NASDAQ:FORM) CEO Sells $1,389,469.60 in Stock

Key Points

• FormFactor CEO Mike Slessor sold 11,098 shares for approximately $1.39 million at an average price of $125.20 under a pre-arranged Rule 10b5-1 plan. He still directly owns 455,596 shares valued at roughly $57.0 million.
• FormFactor shares fell $8.38 to $119.71, while the company maintains a $9.33 billion market capitalization and trades at a price-to-earnings ratio of about 82.
• The semiconductor company exceeded quarterly earnings and revenue expectations, reporting $0.82 EPS and $258.24 million in revenue, up 31.9% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $131.83.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) CEO Mike Slessor sold 11,098 shares of the business's stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total value of $1,389,469.60. Following the completion of the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at approximately $57,040,619.20. This represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 16th, Mike Slessor sold 17,510 shares of FormFactor stock. The shares were sold at an average price of $104.73, for a total value of $1,833,822.30.
• On Friday, August 14th, Mike Slessor sold 16,002 shares of FormFactor stock. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90.

FormFactor Stock Performance

Shares of NASDAQ FORM traded down $8.38 during mid-day trading on Wednesday, reaching $119.71. 1,199,366 shares of the company's stock were exchanged, compared to its average volume of 2,004,403. The firm has a 50-day moving average price of $120.44 and a two-hundred day moving average price of $123.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 81.99 and a beta of 1.18. FormFactor, Inc. has a 52 week low of $40.60 and a 52 week high of $160.27.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly 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 net margin of 12.80% and a return on equity of 13.44%. The company had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm's revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Analysts predict that FormFactor, Inc. will post 2.70 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of FormFactor in a research note on Wednesday, September 30th. They set a "buy" rating and a $200.00 price target for the company. Zacks Research upgraded FormFactor from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. TD Cowen dropped their price objective on FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a research note on Thursday, July 30th. Cantor Fitzgerald reissued an "overweight" rating on shares of FormFactor in a report on Tuesday, September 22nd. Finally, Evercore set a $150.00 target price on FormFactor in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, FormFactor has a consensus rating of "Moderate Buy" and an average price target of $131.83.

Institutional Trading of FormFactor

A number of institutional investors have recently modified their holdings of the business. NorthCrest Asset Manangement LLC grew its position in shares of FormFactor by 0.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 18,442 shares of the semiconductor company's stock valued at $2,529,000 after purchasing an additional 89 shares in the last quarter. Mirador Capital Partners LP raised its stake in shares of FormFactor by 0.8% during the 3rd quarter. Mirador Capital Partners LP now owns 18,089 shares of the semiconductor company's stock valued at $2,701,000 after purchasing an additional 145 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in shares of FormFactor during the 2nd quarter valued at $25,000. Versant Capital Management Inc raised its stake in shares of FormFactor by 12.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,607 shares of the semiconductor company's stock valued at $240,000 after purchasing an additional 183 shares during the period. Finally, Blue Trust Inc. lifted its holdings in FormFactor by 1.9% during the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company's stock worth $1,022,000 after purchasing an additional 196 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Company Profile

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company's offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.

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