American Century Companies Inc. Increases Holdings in FormFactor, Inc. $FORM

Key Points

• American Century Companies Inc. increased its holdings in FormFactor, Inc. by 261.8% during the first quarter, owning 33,846 shares valued at approximately $958,000.
• Several institutional investors have also raised their stakes in FormFactor, with notable increases from Public Sector Pension Investment Board, which grew its position by 27.3% to own 245,643 shares valued at $6,949,000.
• Wall Street analysts have downgraded FormFactor's ratings, with Citigroup setting a new price objective of $31.00, while maintaining a "neutral" rating.

American Century Companies Inc. raised its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 261.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,846 shares of the semiconductor company's stock after buying an additional 24,490 shares during the quarter. American Century Companies Inc.'s holdings in FormFactor were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FORM. Westfield Capital Management Co. LP bought a new position in shares of FormFactor during the first quarter worth about $25,838,000. Massachusetts Financial Services Co. MA boosted its stake in shares of FormFactor by 82.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company's stock worth $55,554,000 after acquiring an additional 885,617 shares during the period. Reinhart Partners LLC. boosted its stake in shares of FormFactor by 160.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company's stock worth $32,692,000 after acquiring an additional 712,196 shares during the period. Bank of America Corp DE boosted its stake in shares of FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock worth $111,861,000 after acquiring an additional 585,117 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of FormFactor by 138.2% during the 4th quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company's stock worth $43,205,000 after acquiring an additional 569,677 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Price Performance

FORM traded up $0.16 on Tuesday, reaching $29.76. The stock had a trading volume of 45,894 shares, compared to its average volume of 811,894. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 53.06 and a beta of 1.24. The firm has a 50-day moving average of $31.71 and a 200-day moving average of $31.04. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $50.79.

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 for the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Transactions at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's stock in a transaction on 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 sale, the director directly 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 filing with the SEC, which is available through this link. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FORM. Stifel Nicolaus reduced their price target on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, July 31st. Citigroup reaffirmed a "neutral" rating and issued a $31.00 price objective (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st. Finally, Wall Street Zen cut FormFactor from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.