By otakuyassine3@gmail.com 
FormFactor, Inc. (NASDAQ:FORM – Get Free Report) CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the sale, the chief executive officer now owns 518,531 shares in the company, valued at $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Mike Slessor also recently made the following trade(s):
- On Thursday, January 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The shares were sold at an average price of $44.44, for a total value of $177,760.00.
- On Monday, December 2nd, Mike Slessor sold 4,000 shares of FormFactor stock. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00.
FormFactor Stock Down 1.2 %
FORM traded down $0.47 during midday trading on Monday, hitting $39.58. 680,850 shares of the company’s stock traded hands, compared to its average volume of 751,955. The stock’s fifty day simple moving average is $43.00 and its 200-day simple moving average is $44.60. FormFactor, Inc. has a one year low of $37.25 and a one year high of $63.63. The company has a market cap of $3.07 billion, a PE ratio of 22.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.
Institutional Investors Weigh In On FormFactor
A number of large investors have recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in shares of FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after buying an additional 290,254 shares during the period. TimesSquare Capital Management LLC boosted its holdings in FormFactor by 29.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock valued at $26,988,000 after purchasing an additional 134,170 shares during the period. Allspring Global Investments Holdings LLC grew its position in FormFactor by 91.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company’s stock worth $11,396,000 after purchasing an additional 123,333 shares during the last quarter. Barclays PLC increased its holdings in shares of FormFactor by 351.9% during the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock worth $6,692,000 after purchasing an additional 113,296 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in shares of FormFactor by 59.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company’s stock worth $12,729,000 after purchasing an additional 112,537 shares during the period. 98.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
FORM has been the topic of several analyst reports. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.00.
Check Out Our Latest Research Report on FormFactor
FormFactor Company Profile
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.
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