Mike Slessor, the CEO of FormFactor Inc. (NASDAQ:FORM), recently sold 4,000 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was executed under a pre-established Rule 10b5-1 trading plan. The sale comes as FormFactor maintains a strong financial position with a current ratio of 4.61x and minimal debt-to-equity of just 0.04. The shares were sold at a weighted average price of $33.05, resulting in a total sale value of $132,200. Following this transaction, Slessor retains ownership of 518,650 shares in the company. The sale was conducted with a price range of $32.769 to $33.53 per share. The stock has declined nearly 30% over the past six months and is currently trading near its 52-week low of $31.35, suggesting potential value opportunity according to InvestingPro analysis, which identifies 13 additional key investment factors for this stock.
In other recent news, FormFactor has reported its fourth-quarter earnings, revealing an earnings per share (EPS) of $0.27, which was slightly below the consensus estimate. The company also reported revenue of $189.5 million, falling short of the expected $190.12 million, though it marked a 12.7% increase from the previous year. However, FormFactor’s guidance for the first quarter of 2025 has raised concerns, with expected EPS ranging from $0.15 to $0.23, considerably lower than the consensus estimate of $0.33. Revenue for the upcoming quarter is projected to be between $165 million and $175 million, below the anticipated $192.93 million. B.Riley has responded by downgrading FormFactor from Buy to Neutral, reducing the price target to $34, citing weak demand in the PC and smartphone markets as factors affecting probe card demand. Stifel has maintained a Hold rating with a price target of $48, noting the company’s stable position in the High Bandwidth (NASDAQ:BAND) Memory (HBM) market. Despite the challenges, FormFactor’s acquisition of a minority interest in FICT Limited and the ongoing strength in DRAM HBM offer some positive prospects. Additionally, FormFactor, along with other semiconductor equipment companies, has seen a recent uptick in stock performance following upgrades from industry analysts, who are optimistic about the sector’s future.
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