FormFactor, Inc. (NASDAQ:FORM) CFO Shai Shahar Sells 6,094 Shares

FormFactor, Inc. (NASDAQ:FORM) CFO Shai Shahar sold 6,094 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.76, for a total value of $339,801.44. Following the completion of the sale, the chief financial officer now owns 15,669 shares of the company’s stock, valued at approximately $873,703.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shai Shahar also recently made the following trade(s):

• On Monday, March 4th, Shai Shahar sold 10,000 shares of FormFactor stock. The shares were sold at an average price of $44.51, for a total value of $445,100.00.
• On Monday, February 12th, Shai Shahar sold 10,000 shares of FormFactor stock. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $56.65 on Friday. FormFactor, Inc. has a 12 month low of $27.96 and a 12 month high of $57.24. The company has a 50 day moving average of $45.44 and a 200 day moving average of $41.19. The stock has a market cap of $4.40 billion, a P/E ratio of 42.92 and a beta of 1.15. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The business had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. As a group, sell-side analysts forecast that FormFactor, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Needham & Company LLC raised their target price on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. B. Riley increased their target price on shares of FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Evercore ISI assumed coverage on shares of FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.30.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new position in shares of FormFactor during the first quarter valued at approximately $28,000. GAMMA Investing LLC acquired a new stake in shares of FormFactor during the 4th quarter worth approximately $55,000. Quadrant Capital Group LLC raised its stake in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after buying an additional 260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in FormFactor in the 3rd quarter valued at $70,000. Finally, SG Americas Securities LLC acquired a new position in FormFactor during the first quarter worth $123,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

About FormFactor

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.