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Allspring Global Investments Holdings LLC Has $16.04 Million Stock Holdings in FormFactor, Inc. $FORM

FormFactor logo with Computer and Technology background

Key Points

  • Allspring Global Investments Holdings LLC increased its position in FormFactor, Inc. by 62.1% during the second quarter, owning 459,253 shares valued at approximately $16.04 million.
  • A significant number of institutional investors have also adjusted their positions in FormFactor, with 98.76% of the stock currently owned by these entities.
  • FormFactor's latest earnings report showed a miss on EPS estimates, with earnings of $0.27 compared to the consensus of $0.30, alongside a revenue of $195.80 million.
  • MarketBeat previews top five stocks to own in November.

Allspring Global Investments Holdings LLC increased its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 62.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,253 shares of the semiconductor company's stock after buying an additional 175,994 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.60% of FormFactor worth $16,042,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Earnest Partners LLC grew its position in FormFactor by 0.3% during the first quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company's stock worth $171,299,000 after buying an additional 18,039 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in FormFactor by 82.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company's stock valued at $55,554,000 after purchasing an additional 885,617 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in FormFactor by 64.8% during the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company's stock valued at $65,541,000 after purchasing an additional 749,088 shares in the last quarter. Royce & Associates LP boosted its holdings in FormFactor by 6.4% during the first quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company's stock valued at $52,904,000 after purchasing an additional 112,970 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in FormFactor during the first quarter valued at approximately $25,838,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company'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 owned 13,126 shares of the company's stock, valued at approximately $387,873.30. This represents a 23.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the transaction, the director directly owned 35,479 shares in the company, valued at approximately $1,079,625.97. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Stock Up 0.4%

Shares of FORM opened at $42.05 on Friday. The company has a market capitalization of $3.24 billion, a P/E ratio of 75.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. FormFactor, Inc. has a one year low of $22.58 and a one year high of $50.79. The business's 50 day simple moving average is $33.43 and its 200-day simple moving average is $32.02.

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

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of recent research reports. Citigroup reaffirmed a "neutral" rating and set a $31.00 price objective (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st. B. Riley raised FormFactor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $34.00 to $47.00 in a report on Friday, October 10th. Wall Street Zen raised FormFactor from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of FormFactor in a report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their price objective on FormFactor from $31.00 to $35.00 and gave the company a "hold" rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and a consensus price target of $41.00.

Get Our Latest Report on FORM

FormFactor Company Profile

(Free Report)

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.

Featured Articles

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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