Rebeca Obregon-Jimenez, a director at FormFactor Inc. (NASDAQ:FORM), a company specializing in semiconductors and related devices, has recently sold shares of the company's stock. On May 28, 2024, Obregon-Jimenez sold 4,833 shares at a weighted average price of $57.5892, totaling approximately $278,328.
The price range for the shares sold by Obregon-Jimenez was between $57.5806 and $57.70. This transaction was disclosed in a regulatory filing with the Securities and Exchange Commission (SEC). Following the sale, Obregon-Jimenez still owns a total of 10,598 shares of FormFactor stock, indicating continued investment in the company.
Investors often monitor insider transactions as they can provide insights into the executive's view of the company's value and future performance. In the case of FormFactor, the transaction represents a notable change in the holdings of one of its directors.
FormFactor, incorporated in Delaware and headquartered in Livermore, California, operates within the semiconductor sector, which is known for its cyclical nature and rapid technological advancements. Insider sales such as this one can be part of a normal portfolio management strategy or could be related to personal financial planning.
Interested parties can request detailed information about the specific prices at which the shares were sold from Obregon-Jimenez, as she has agreed to provide full details upon request by the SEC staff or a security holder of the issuer.
The sale was executed under a Form 4 filing, which is used to report changes in company insider holdings to the SEC. FormFactor investors and potential investors can view these filings to stay informed about the financial dealings of the company's insiders.
InvestingPro Insights
Amidst the recent insider transaction at FormFactor Inc. (NASDAQ:FORM), investors are keenly observing the company's financial health and growth prospects. FormFactor's current market capitalization stands at a robust $4.36 billion, reflecting investor confidence in the company's market position. The company's P/E ratio is currently at 42.78, which may appear elevated, but it's important to consider this in the context of near-term earnings growth potential.
An important metric for investors to consider is the Price to Earnings Growth (PEG) ratio, which, for FormFactor, is at an intriguingly low 0.12 for the last twelve months as of Q1 2024. This suggests that the company's earnings growth could be undervalued relative to its P/E ratio, potentially indicating a buying opportunity for value investors. Additionally, the company's strong return over the last year, with a price total return of 84.59%, outpaces many of its peers and demonstrates robust market performance.
InvestingPro Tips further reveal that 6 analysts have revised their earnings upwards for the upcoming period, highlighting a positive outlook on the company's financial future. Moreover, FormFactor's liquid assets exceed its short-term obligations, which provides a measure of financial stability and flexibility. With these factors in mind, investors may find FormFactor an attractive investment, particularly when considering its recent performance and favorable analyst revisions.
For those interested in a deeper dive into FormFactor's financial metrics and to access additional InvestingPro Tips, visit https://www.investing.com/pro/FORM. There are more tips available on InvestingPro, and users can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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