Formfactor Inc (FORM) Files Form 4 Insider Selling : Michael M Ludwig Sells 24,524 Shares

Formfactor Inc (FORM): Michael M Ludwig , SR VP, CFO of Formfactor Inc sold 24,524 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $7.14 per share for a total value of $175,062.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 25, 2015, Richard Delateur (director) sold 16,000 shares at $8.60 per share price.On Nov 9, 2015, Mike Slessor (CEO) sold 10,883 shares at $8.52 per share price.Also, On May 21, 2015, Dennis Thomas St (EXECUTIVE CHAIRMAN) sold 130,000 shares at $8.91 per share price.On May 8, 2015, Stuart L Merkadeau (SR VP GENERAL COUNSEL) sold 3,183 shares at $8.28 per share price.

Shares of FormFactor (FORM) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.37 points or -4.81% at $7.33 with 4,77,549 shares getting traded. Post opening the session at $7.67, the shares hit an intraday low of $7.265 and an intraday high of $7.89 and the price vacillated in this range throughout the day. The company has a market cap of $432 M and the number of outstanding shares has been calculated to be 5,89,12,756 shares. The 52-week high of FormFactor is $9.66 and the 52-week low is $5.66.

FormFactor Money Flow Index Chart

Company has been under the radar of several Street Analysts.FormFactor is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 30, 2016.

FormFactor Inc. designs develops manufactures sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort) which is the testing of the semiconductor die or chips. Its products are based on its technologies including its micro-electromechanical systems (MEMS) technologies its automation systems its various product architectures and its design tools. The applications of these products include customer collaboration consumer integrated circuits (ICs) mobile ICs automative ICs computing ICs and publications. The Company operates under the brands FormFactor the FormFactor logo Apollo ATRE DC-Boost Matrix MicroProbe the MicroProbe logo MicroSpring Mx-FinePitch OneTouch QiLin RapidSoak SmartMatrix SMART Matrix 100 TouchMatrix Takumi and TrueScale Lite among others.

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