Livermore, CA – In a recent transaction dated April 1, CEO Mike Slessor of FormFactor Inc (NASDAQ:FORM), a leading semiconductor company, sold 4,000 shares of company stock, according to a new SEC filing. The shares were sold at an average price of $45.9387, totaling approximately $183,754.
The transaction was executed automatically under a Rule 10b5-1 trading plan, which was adopted by Slessor on November 20, 2023. This plan allows company insiders to set up a predetermined schedule for buying and selling shares at a time when they are not in possession of material non-public information, to avoid any accusations of insider trading.
The sale occurred at prices ranging from $45.58 to $46.17 per share, as noted in the footnotes of the filing. After the disposal of these shares, Slessor still owns a substantial amount of FormFactor stock, with 495,781 shares remaining in his possession.
Investors often monitor insider transactions as they can provide insights into executives’ perspectives on the company’s future performance. However, such sales and purchases may also be part of personal financial planning strategies and not necessarily indicative of the company’s operational performance.
FormFactor, headquartered on Southfront Road in Livermore, California, specializes in semiconductor and related devices, playing a significant role in the manufacturing and technological development of the industry.
For further details on the transaction or to obtain information on the specific prices at which the shares were sold, interested parties can request full information from the SEC staff or FormFactor Inc directly.
InvestingPro Insights
As FormFactor Inc’s CEO, Mike Slessor, navigates his personal financial planning, the company’s broader financial health and market performance remain a point of interest for investors. With a market capitalization of $3.52 billion and a P/E ratio that has recently been adjusted to a high 167.83 for the last twelve months as of Q4 2023, the company’s valuation is a topic of much analysis. Despite this high earnings multiple, the company’s PEG ratio, which measures the P/E relative to the earnings growth rate, stands at a more moderate 0.69 for the same period, suggesting a potentially more favorable growth trajectory than the P/E ratio alone might indicate.
FormFactor also presents an interesting liquidity position, as highlighted by one of the InvestingPro Tips: the company holds more cash than debt on its balance sheet, which…
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