Alliancebernstein L.P. Cuts Stock Position in FormFactor, Inc. $FORM

Key Points

• Alliancebernstein L.P. reduced its stake in FormFactor, Inc. by 0.6%, owning approximately 3,096,968 shares valued at $87.6 million by the end of the last quarter.
• FormFactor reported earnings of $0.27 per share, missing analysts' estimates of $0.30, while generating revenues of $195.8 million, which was above the forecast.
• Analysts have shown a bearish outlook with Wall Street Zen downgrading FormFactor from a "hold" to a "sell" rating, alongside revised price targets from Stifel Nicolaus and Citigroup.

Alliancebernstein L.P. lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,096,968 shares of the semiconductor company's stock after selling 17,811 shares during the quarter. Alliancebernstein L.P. owned about 4.02% of FormFactor worth $87,613,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. CWM LLC raised its position in FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock worth $65,000 after acquiring an additional 382 shares in the last quarter. Ellevest Inc. raised its position in FormFactor by 7.1% in the fourth quarter. Ellevest Inc. now owns 8,907 shares of the semiconductor company's stock worth $392,000 after acquiring an additional 590 shares in the last quarter. Victory Capital Management Inc. raised its position in FormFactor by 2.8% in the first quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock worth $612,000 after acquiring an additional 599 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in FormFactor in the fourth quarter worth $27,000. Finally, HighTower Advisors LLC raised its position in FormFactor by 3.9% in the first quarter. HighTower Advisors LLC now owns 18,685 shares of the semiconductor company's stock worth $529,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

FormFactor Trading Up 1.4%

Shares of FORM stock opened at $29.36 on Friday. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.26 billion, a P/E ratio of 52.43 and a beta of 1.24. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $50.79. The business has a fifty day simple moving average of $31.81 and a 200-day simple moving average of $31.17.

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen cut FormFactor from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Stifel Nicolaus cut their price objective on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. Finally, Citigroup restated a "neutral" rating and issued a $31.00 price target (down previously from $36.00) on shares of FormFactor in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $38.29.

Insider Activity at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the 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 sale, the director owned 13,126 shares of the company's stock, valued at $387,873.30. This trade represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

FormFactor Company Profile

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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