FormFactor, Inc. (NASDAQ:FORM) CFO Michael M. Ludwig sold 30,000 shares of FormFactor stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $12.73, for a total value of $381,900.00. Following the completion of the sale, the chief financial officer now directly owns 270,387 shares of the company’s stock, valued at approximately $3,442,026.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
FormFactor, Inc. (FORM) opened at $12.85 on Monday. FormFactor, Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $18.65. The firm has a market capitalization of $932.04, a price-to-earnings ratio of 12.85, a P/E/G ratio of 0.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45.
A number of research analysts recently weighed in on the company. Citigroup reduced their target price on FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. BidaskClub cut FormFactor from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. B. Riley reiterated a “buy” rating and issued a $20.00 target price (down previously from $22.00) on shares of FormFactor in a report on Monday, January 29th. Zacks Investment Research cut FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Finally, Needham & Company LLC reduced their target price on FormFactor from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. FormFactor presently has a consensus rating of “Buy” and an average target price of $18.00.
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FormFactor Company Profile
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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