In a recent transaction, Kelley Steven-Waiss, a director at FormFactor Inc (NASDAQ:FORM), sold 4,800 shares of the company’s stock. The shares were sold at a weighted average price of $54.2364, with a reported price range of $54.2201 to $54.32. This sale resulted in a total transaction value of approximately $260,334.
Following this sale, Steven-Waiss continues to hold 32,593 shares in the company, indicating a strong ongoing investment in FormFactor’s future. The transaction details, including the price range, were disclosed in a footnote, with the assurance that full information regarding the number of shares sold at each separate price could be provided upon request by the SEC staff or a security holder of the issuer.
It’s worth noting that a previous Form 4 filing by Steven-Waiss had underreported the number of shares acquired due to an administrative error. This has now been corrected, and the total number of shares beneficially owned by Steven-Waiss, as reported in this latest filing, reflects the accurate figure.
Investors and followers of FormFactor Inc will continue to monitor the trading activities of its directors and executives as an indicator of their confidence in the company’s performance and strategic direction.
InvestingPro Insights
In light of the recent sale of FormFactor Inc (NASDAQ:FORM) shares by Director Kelley Steven-Waiss, investors may be keen to understand the current financial standing and market sentiment towards the company. According to real-time data from InvestingPro, FormFactor boasts a market capitalization of approximately $4.36 billion, indicating a significant presence in its sector.
Interestingly, despite the share sale, the company’s stock has experienced a robust return, with a one-year price total return of an impressive 100.32%. This suggests a strong market performance and could signal investor confidence in the company’s growth potential and strategic initiatives.
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An InvestingPro Tip highlights that FormFactor is currently trading at a high earnings multiple, with an adjusted P/E ratio as of the last twelve months of Q1 2024 standing at 183.18. This may indicate high expectations for future earnings growth among investors, which aligns with the sentiment that six analysts have revised their earnings upwards for the upcoming period. For those seeking more insights, InvestingPro offers additional tips on FormFactor,…
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