Alliancebernstein L.P. Trims 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. decreased its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 0.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,096,968 shares of the semiconductor company's stock after selling 17,811 shares during the period. Alliancebernstein L.P. owned about 4.02% of FormFactor worth $87,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FORM. Public Employees Retirement System of Ohio purchased a new position in shares of FormFactor in the 4th quarter valued at $27,000. AlphaQuest LLC boosted its position in FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 969 shares in the last quarter. Versant Capital Management Inc grew its stake in FormFactor by 256.3% in the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 861 shares during the last quarter. Headlands Technologies LLC purchased a new position in FormFactor in the first quarter valued at about $42,000. Finally, CWM LLC raised its holdings 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 purchasing an additional 382 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Activity

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following the completion of the transaction, the director directly owned 13,126 shares in the company, valued at $387,873.30. This trade represents a 23.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by insiders.

FormFactor Stock Performance

Shares of NASDAQ FORM traded up $1.13 during midday trading on Thursday, reaching $30.57. The company had a trading volume of 618,720 shares, compared to its average volume of 604,257. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $50.79. The business's 50-day simple moving average is $31.35 and its 200 day simple moving average is $30.99. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.36 billion, a P/E ratio of 54.59 and a beta of 1.24.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The firm had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. During the same period in the previous year, the company earned $0.35 earnings per share. FormFactor's revenue 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 forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FORM. Stifel Nicolaus lowered their price target on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, July 31st. Wall Street Zen downgraded shares of FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Citigroup reaffirmed a "neutral" rating and issued a $31.00 price target (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.