Formfactor CEO Mike Slessor sells $177,772 in inventory

In a current submitting with the Securities and Alternate Fee, FormFactor Inc. (NASDAQ:FORM) disclosed that its CEO, Mike Slessor, bought shares of the corporate on January 2, 2025. The transactions concerned a complete of 4,000 shares of frequent inventory, with gross sales costs starting from $44.38 to $45.01 per share. The combination worth of those gross sales amounted to $177,772. The inventory has skilled important stress, declining about 27% over the previous six months, although it maintains sturdy fundamentals with a wholesome present ratio of 4.76 and worthwhile operations.

These transactions have been executed robotically underneath a Rule 10b5-1 buying and selling plan, which Slessor had adopted on November 20, 2023. Following the gross sales, Slessor holds 522,531 shares of FormFactor. In keeping with InvestingPro evaluation, the corporate seems pretty valued, with 8 analysts not too long ago revising earnings expectations downward. Uncover extra insights and 10 extra ProTips for FormFactor within the complete Professional Analysis Report.

In different current information, FormFactor, a semiconductor take a look at gear provider, reported document Q3 income of $207.9 million, marking a 5.3% sequential enhance and a 21.2% rise from the earlier 12 months. The corporate’s non-GAAP earnings per share reached the highest finish of expectations, reflecting its sturdy income efficiency. Regardless of this sturdy development, FormFactor anticipates a dip in Foundry and Logic probe-card demand, whereas anticipating DRAM probe-card income to proceed to develop in This fall, significantly with preliminary HBM4 designs.

FormFactor’s working bills decreased to $59.3 million, contributing to steady working earnings figures. The corporate additionally reported a rise in free money circulation to $20 million, with money and investments totaling $360 million. Trying forward, FormFactor tasks This fall income at $190 million, with a non-GAAP gross margin of 41%. The corporate can also be implementing a share buyback program with $36.6 million remaining underneath its present authorization.

As a part of its future technique, FormFactor plans to deal with diversification in Foundry and Logic to offset weak demand in cell and shopper PC markets. The corporate can also be getting ready for development alternatives in co-packaged optics, with quantity manufacturing projected to begin in late 2025 to early 2026. These are the current developments within the firm’s enterprise operations and technique.

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