FormFactor (NASDAQ:FORM) CEO Mike Slessor Sells 17,510 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 17,510 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total value of $1,833,822.30. Following the sale, the chief executive officer owned 466,694 shares in the company, valued at $48,876,862.62. The trade was a 3.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 14th, Mike Slessor sold 16,002 shares of FormFactor stock. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90.

FormFactor Stock Performance

FormFactor stock opened at $111.53 on Friday. The stock has a 50-day simple moving average of $110.36 and a 200 day simple moving average of $118.15. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 76.39 and a beta of 1.24. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $33.77 and a 12-month high of $160.27.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts anticipate that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently added to or reduced their stakes in FORM. Keating Financial Advisory Services Inc. acquired a new position in shares of FormFactor in the 2nd quarter valued at approximately $25,000. Persistent Asset Partners Ltd bought a new stake in FormFactor during the 2nd quarter worth approximately $43,000. USA Financial Formulas acquired a new stake in FormFactor during the 1st quarter worth approximately $46,000. Clearstead Advisors LLC raised its holdings in FormFactor by 58.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after buying an additional 389 shares during the period. Finally, Allworth Financial LP bought a new position in FormFactor in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Evercore set a $150.00 price objective on FormFactor in a research report on Thursday, July 30th. TD Cowen lowered their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor has an average rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company’s product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.