FormFactor Inc. (NASDAQ:FORM) director Brian C. White has sold a total of 3,290 shares of the company's common stock, according to a recent SEC filing. The transaction, which took place on May 20th, was executed at a price of $57.0 per share, amounting to a total value of $187,530.
The sale has adjusted White's direct holdings in the semiconductor company to 11,828 shares following the transaction. The specifics of the trade were made public through a Form 4 document filed with the Securities and Exchange Commission.
Investors often monitor insider transactions as they can provide insights into how the company's executives view the stock's value and its prospects. While the reasons behind White's decision to sell shares are not disclosed in the filing, the transaction is a routine disclosure required by the SEC.
FormFactor Inc., headquartered in Livermore, California, specializes in the design and manufacturing of semiconductor testing equipment. The company's stock is traded on the NASDAQ exchange under the ticker symbol FORM.
The regulatory filing did not include any additional transactions or derivative securities, focusing solely on the sale of common stock by the director. FormFactor Inc. and Brian C. White have not released any official statements regarding the sale at this time.
InvestingPro Insights
As FormFactor Inc. (NASDAQ:FORM) continues to navigate the semiconductor industry landscape, recent market data from InvestingPro provides a snapshot of the company's financial health and stock performance. According to InvestingPro, FormFactor boasts a market cap of $4.6 billion and a price-to-earnings (P/E) ratio of 45.06, which jumps to 193.6 when adjusted for the last twelve months as of Q1 2024. This high P/E ratio suggests that the company is trading at a high earnings multiple, which is an InvestingPro Tip indicating that investors are willing to pay a premium for the company's earnings potential.
Despite a revenue decline of 7.5% over the last twelve months as of Q1 2024, FormFactor has seen its stock price soar, with a one-year price total return of 88.95% and trading near its 52-week high at 98.2% of that value. This level of performance is underlined by a strong return over the last month, with a 44.82% increase, a key factor that may interest investors looking at the company's recent stock momentum.
For those considering deeper analysis, InvestingPro offers additional insights into FormFactor's financials and stock performance. There are currently 6 more InvestingPro Tips available for FORM, which can be accessed by visiting https://www.investing.com/pro/FORM. For a limited time, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing even greater access to valuable market insights.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.