FormFactor (NASDAQ:FORM) CEO Sells $1,194,095.76 in Stock

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 9,438 shares of FormFactor stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $126.52, for a total value of $1,194,095.76. Following the sale, the chief executive officer directly owned 447,037 shares of the company’s stock, valued at $56,559,121.24. This trade represents a 2.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, April 15th, Mike Slessor sold 11,294 shares of FormFactor stock. The stock was sold at an average price of $127.72, for a total transaction of $1,442,469.68.
• 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 transaction of $973,099.05.
• On Wednesday, February 18th, Mike Slessor sold 8,664 shares of FormFactor stock. The shares were sold at an average price of $94.14, for a total transaction of $815,628.96.

FormFactor Stock Performance

Shares of FORM stock traded down $1.32 during trading hours on Thursday, hitting $127.99. The company’s stock had a trading volume of 1,383,617 shares, compared to its average volume of 1,696,655. The stock has a market cap of $9.98 billion, a PE ratio of 147.12 and a beta of 1.32. FormFactor, Inc. has a 12-month low of $26.08 and a 12-month high of $159.09. The company has a 50 day moving average of $115.77 and a 200 day moving average of $84.08. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued 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 net margin of 8.14% and a return on equity of 9.31%. The firm had revenue of $226.14 million during the quarter, compared to analysts’ expectations of $225.54 million. During the same quarter last year, the company posted $0.23 earnings per share. The firm’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, sell-side analysts forecast that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently bought and sold shares of FORM. Victory Capital Management Inc. grew its holdings in FormFactor by 5,596.8% in 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 purchasing an additional 1,234,488 shares during the period. Morgan Stanley increased its position in shares of FormFactor by 98.5% in the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after buying an additional 1,127,146 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of FormFactor during the 4th quarter worth approximately $60,495,000. Westfield Capital Management Co. LP acquired a new position in shares of FormFactor during the 3rd quarter worth approximately $37,391,000. Finally, Shannon River Fund Management LLC purchased a new position in shares of FormFactor during the 3rd quarter valued at approximately $35,260,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus set a $135.00 price target on FormFactor in a research report on Thursday, April 30th. Northland Securities set a $118.00 price objective on FormFactor in a research report on Thursday, April 30th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday. Finally, Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.