FormFactor (NASDAQ:FORM) Stock: Insider Mike Slessor Sells 11,098 Shares

FormFactor, Inc. (NASDAQ:FORM) CEO Mike Slessor sold 11,098 shares of the company’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 sale, the chief executive officer owned 455,596 shares of the company’s stock, valued at $57,040,619.20. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, 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 transaction of $2,095,461.90.

FormFactor Stock Performance

FORM stock opened at $113.34 on Friday. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 77.63 and a beta of 1.18. The firm has a 50-day simple moving average of $120.41 and a two-hundred day simple moving average of $123.64. FormFactor, Inc. has a one year low of $40.60 and a one year high of $160.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating 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 business had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $240.00 million. During the same period last year, the business earned $0.27 EPS. The company’s 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 analysts forecast that FormFactor, Inc. will post 2.70 EPS for the current fiscal year.

Hedge Funds Weigh In On FormFactor

Several large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC boosted its stake in shares of FormFactor by 96.1% during the third quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 124 shares during the period. Mather Group LLC. purchased a new stake in FormFactor in the 3rd quarter worth approximately $44,000. Krilogy Financial LLC grew its position in shares of FormFactor by 22.7% in the 3rd quarter. Krilogy Financial LLC now owns 2,918 shares of the semiconductor company’s stock worth $436,000 after buying an additional 540 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in FormFactor by 0.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 18,442 shares of the semiconductor company’s stock worth $2,529,000 after acquiring an additional 89 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in FormFactor by 3.1% in the 3rd quarter. Reinhart Partners LLC. now owns 659,667 shares of the semiconductor company’s stock worth $98,495,000 after purchasing an additional 19,745 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FORM shares. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. TD Cowen decreased 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. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research note on Tuesday, September 22nd. Weiss Ratings lowered FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, Wall Street Zen lowered FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.83.

About FormFactor

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.