Item 5. Market for Registrant’s Common Equity
Item 5: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is listed on the Nasdaq Global Market under the symbol "FORM." As of February 16, 2021, there were 142 registered holders of record of our common stock.
Dividends
No cash dividends have been declared on shares of our common stock, and the Company currently does not intend to pay dividends in the future.
Repurchase of Common Stock
In October 2020, our Board of Directors authorized a program to repurchase up to $50.0 million of outstanding common stock to offset potential dilution from issuances of common stock under our employee stock purchase plan and equity incentive plan. The share repurchase program will expire on October 28, 2022.
During fiscal 2020, 2019, and 2018, we did not repurchase any shares.
Stock Price Performance Graph
The following graph shows the total stockholder return of an investment of $100 in cash on December 26, 2015 through December 26, 2020 for (1) our common stock, (2) the S&P 500 Index and (3) the RDG Semiconductor Composite Index. All values assume reinvestment of the full amount of all dividends. Stockholder returns over the indicated period are based on historical data and are not necessarily indicative of future stockholder returns.
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COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among FormFactor, Inc., the S&P 500 Index, and the RDG Semiconductor Composite Index
*$100 invested on December 26, 2015 in stock or index, including reinvestment of dividends.
Cumulative Total Return
December 26, 2015 December 31, 2016 December 30, 2017 December 29, 2018 December 28, 2019 December 26, 2020
FormFactor, Inc. $ 100.00 $ 122.94 $ 171.79 $ 153.79 $ 285.84 $ 467.40
S&P 500 100.00 111.96 136.40 130.42 171.49 203.04
RDG Semiconductor Composite 100.00 131.64 177.48 164.63 242.61 351.91
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