FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 11,890 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,890 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total value of $1,442,851.50. Following the completion of the transaction, the chief executive officer directly owned 435,147 shares in the company, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, May 13th, Mike Slessor sold 9,438 shares of FormFactor stock. The shares were sold at an average price of $126.52, for a total value of $1,194,095.76.
• On Wednesday, April 15th, Mike Slessor sold 11,294 shares of FormFactor stock. The shares were sold at an average price of $127.72, for a total value of $1,442,469.68.
• On Wednesday, March 18th, Mike Slessor sold 10,227 shares of FormFactor stock. The shares were sold at an average price of $95.15, for a total value of $973,099.05.

FormFactor Stock Performance

Shares of FormFactor stock opened at $130.24 on Friday. The business’s fifty day simple moving average is $128.80 and its 200-day simple moving average is $95.06. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $159.09. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.15 billion, a PE ratio of 149.70 and a beta of 1.26.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The firm had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. During the same quarter in the prior year, the company earned $0.23 EPS. FormFactor’s revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Equities analysts forecast that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On FormFactor

Several large investors have recently bought and sold shares of FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in FormFactor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock worth $1,303,000 after purchasing an additional 2,001 shares during the period. Jones Financial Companies Lllp increased its holdings in FormFactor by 870.3% during the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 4,743 shares during the period. Goldman Sachs Group Inc. increased its holdings in FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after purchasing an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock worth $4,922,000 after purchasing an additional 9,394 shares during the period. Finally, Intech Investment Management LLC increased its holdings in FormFactor by 18.1% during the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after purchasing an additional 8,194 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research note on Tuesday, May 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $175.00 target price on shares of FormFactor in a research note on Monday, April 27th. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price on the stock in a research note on Friday, June 5th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.45.

FormFactor Company Profile

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.