In a recent transaction on May 10, Thomas St. Dennis, a director at FormFactor Inc (NASDAQ:FORM), sold 2,000 shares of the company's common stock. The shares were sold at a price of $56.30 each, amounting to a total sale value of $112,600. This transaction was disclosed in a filing with the Securities and Exchange Commission dated May 13.
Following the sale, St. Dennis's ownership in the semiconductor company stands at 36,701 shares. The sale occurred at a single price point, with no range indicated. The transaction reflects a change in the director's holdings but does not necessarily indicate a shift in the company's overall strategy or performance.
FormFactor Inc, based in Livermore, California, specializes in the manufacturing of semiconductor and related devices. The company is incorporated in Delaware and operates within the semiconductor sector, which is known for its volatility and rapid technological advancements.
Investors often monitor insider transactions as they can provide insights into the company's health and the confidence levels of its executives and directors. However, it is important to consider these transactions within the broader context of the company's performance and market conditions.
The details of the sale are publicly available and provide transparency into the actions of FormFactor Inc's directors. The company's stock performance and future developments will continue to be watched closely by investors and market analysts.
InvestingPro Insights
Amidst the recent insider transaction at FormFactor Inc (NASDAQ:FORM), investors and market analysts are keeping a keen eye on the company's financial health and stock performance. According to InvestingPro data, FormFactor has a market capitalization of $4.25 billion and a Price-to-Earnings (P/E) ratio of 41.42. This valuation metric is a critical indicator of what investors are willing to pay for a share relative to the company's earnings, and it suggests that the market has high expectations of future earnings growth for FormFactor.
Notably, the company's stock has experienced a significant surge, with a Year-To-Date (YTD) price total return of 35.34% and an impressive 1-year price total return of nearly 100%. This momentum is further reflected in the 1-month and 3-month price total returns of 26.54% and 40.74%, respectively. These metrics underscore strong recent performance in the stock market, which may influence investor sentiment and decision-making.
InvestingPro Tips for FormFactor highlight that six analysts have revised their earnings upwards for the upcoming period, signaling potential optimism regarding the company's financial prospects. Moreover, FormFactor holds more cash than debt on its balance sheet, which could provide financial stability and flexibility in operations. For investors looking for more in-depth analysis and additional insights, there are 17 InvestingPro Tips available for FormFactor, which can be accessed at InvestingPro's dedicated page for the company. To enhance your investing strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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