On October 1, 2024, Mike Slessor, CEO of FormFactor Inc (FORM, Financial), sold 4,000 shares of the company at a price of $45.28 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 530,276 shares of FormFactor Inc.
FormFactor Inc, headquartered in Livermore, California, is a leading provider of essential test and measurement technologies along the full IC life cycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. The company operates in a highly specialized segment of the semiconductor industry.
Over the past year, the insider has sold a total of 28,000 shares and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been 21 insider sells and no insider buys over the past year.
Shares of FormFactor Inc were trading at $45.28 on the day of the transaction, giving the company a market cap of approximately $3.44 billion. The price-earnings ratio of the stock stands at 28.51, which is below both the industry median of 31.89 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for FormFactor Inc is $37.44 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.21.
This insider sale might interest investors tracking ownership changes and evaluating the stock’s current valuation metrics, including the price-sales ratio, price-book ratio, and price-to-free cash flow. These factors are crucial for assessing the potential future performance of FormFactor Inc in the competitive semiconductor industry.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
