The SR VP, CFO of Formfactor (NASDAQ: FORM) is Selling Shares

By Carrie Williams

Yesterday, the SR VP, CFO of Formfactor (NASDAQ: FORM), Michael Ludwig, sold shares of FORM for $294.8K.

Following Michael Ludwig’s last FORM Sell transaction on August 24, 2017, the stock climbed by 3.0%. In addition to Michael Ludwig, one other FORM executive reported Sell trades in the last month.

Based on Formfactor’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $144 million and quarterly net profit of $12.56 million. In comparison, last year the company earned revenue of $123 million and had a GAAP net loss of $14.2 million. The company has a one-year high of $18.65 and a one-year low of $10.15. FORM’s market cap is $1.26B and the company has a P/E ratio of 66.35.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $21, reflecting a -17.9% downside. One of the top 25 analysts, according to, recently recommended Buy FORM with a $22 price target.

The insider sentiment on Formfactor has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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FormFactor, Inc. engages in the provision of test and measurement solutions. It operates through Probe Cards, and Systems segments. The Probe Cards segment consists of probe card products and analytical probes which used in the semiconductor manufacturing industry to perform wafer test.