Algert Global LLC Lowers Stake in FormFactor, Inc. $FORM

Key Points

• Algert Global LLC reduced its stake in FormFactor, Inc. by 75.6%, holding 9,830 shares valued at $278,000 after selling 30,410 shares in the first quarter of the year.
• Director Dennis Thomas St sold 3,000 shares at an average price of $31.24, resulting in a transaction total of $93,720, and a 6.82% decrease in his ownership of the stock.
• Analysts have recently lowered price targets for FormFactor, with Evercore ISI setting a new target at $33.00, reflecting a general trend of reduced confidence in the company's stock performance.

Algert Global LLC cut its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 75.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,830 shares of the semiconductor company's stock after selling 30,410 shares during the quarter. Algert Global LLC's holdings in FormFactor were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FORM. Marshall Wace LLP purchased a new stake in shares of FormFactor during the fourth quarter worth about $377,000. Dimensional Fund Advisors LP grew its holdings in FormFactor by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,101,816 shares of the semiconductor company's stock valued at $92,490,000 after purchasing an additional 109,995 shares during the period. MetLife Investment Management LLC grew its holdings in FormFactor by 4.5% in the fourth quarter. MetLife Investment Management LLC now owns 46,641 shares of the semiconductor company's stock valued at $2,052,000 after purchasing an additional 1,990 shares during the period. Stifel Financial Corp grew its holdings in FormFactor by 21.5% in the fourth quarter. Stifel Financial Corp now owns 29,118 shares of the semiconductor company's stock valued at $1,281,000 after purchasing an additional 5,151 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in FormFactor in the fourth quarter valued at approximately $1,501,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director directly owned 40,957 shares of the company's stock, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the transaction, the director directly owned 13,126 shares in the company, valued at approximately $387,873.30. The trade was a 23.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

FormFactor Price Performance

FORM opened at $29.21 on Tuesday. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $51.68. The company has a 50 day moving average of $32.67 and a two-hundred day moving average of $31.57. The company has a market cap of $2.25 billion, a P/E ratio of 52.16 and a beta of 1.16.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The firm had revenue of $195.80 million for the quarter, compared to analyst estimates of $190.17 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company's revenue for the quarter was down .8% on a year-over-year basis. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

FORM has been the subject of a number of recent analyst reports. Evercore ISI lowered their target price on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson lowered their target price on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus lowered their target price on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, July 31st. Finally, Citigroup reiterated a "neutral" rating and set a $31.00 price objective (down from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $38.29.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.

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