Formfactor Inc (FORM): Michael M Ludwig , SR VP, CFO of Formfactor Inc sold 3,692 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $7.33 per share for a total value of $27,054.98 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Mike Slessor (CEO) sold 12,697 shares at $6.82 per share price.On May 9, 2016, Michael M Ludwig (SR VP, CFO) sold 11,423 shares at $6.81 per share price.Also, On Nov 25, 2015, Richard Delateur (director) sold 16,000 shares at $8.60 per share price.On May 21, 2015, Dennis Thomas St (EXECUTIVE CHAIRMAN) sold 130,000 shares at $8.91 per share price.
FormFactor: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in FormFactor which led to swings in the share price. The shares opened for trading at $7.13 and hit $7.43 on the upside , eventually ending the session at $7.42, with a gain of 3.49% or 0.25 points. The heightened volatility saw the trading volume jump to 3,60,320 shares. The 52-week high of the share price is $9.66 and the company has a market cap of $437 M . The 52-week low of the share price is at $5.66.
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.