Assenagon Asset Management S.A. Sells 50,612 Shares of FormFactor, Inc. $FORM

Key Points

• Assenagon Asset Management S.A. sold 50,612 shares of FormFactor, Inc., reducing its stake by 30.4% in Q2, now holding 115,740 shares worth approximately $3.98 million.
• FormFactor's recent earnings report showed earnings per share of $0.27, missing estimates, with revenue declining by 0.8% year-over-year despite exceeding expectations.
• Wall Street analysts have adjusted their ratings on FormFactor, with the consensus target price now set at $38.29, reflecting a shift from sell to hold ratings among several analysts.

Assenagon Asset Management S.A. decreased its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 30.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,740 shares of the semiconductor company's stock after selling 50,612 shares during the period. Assenagon Asset Management S.A. owned 0.15% of FormFactor worth $3,983,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its holdings in FormFactor by 19.9% in the 1st 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. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of FormFactor by 282.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock worth $25,000 after buying an additional 547 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of FormFactor by 2.8% during 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 during the last quarter. Public Employees Retirement System of Ohio purchased a new position in FormFactor during the fourth quarter valued at $27,000. Finally, HighTower Advisors LLC grew its stake in FormFactor by 3.9% during the first quarter. HighTower Advisors LLC now owns 18,685 shares of the semiconductor company's stock valued at $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 Down 2.0%

Shares of FORM stock opened at $36.33 on Thursday. The company has a market cap of $2.80 billion, a PE ratio of 64.88 and a beta of 1.24. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $50.79. The stock's 50 day simple moving average is $31.10 and its two-hundred day simple moving average is $31.08. 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 (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share 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 company had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at FormFactor

In other FormFactor news, 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 owned 35,479 shares of the company's stock, valued at $1,079,625.97. This represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the transaction, the director 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. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, July 31st. Citigroup reiterated a "neutral" rating and issued a $31.00 target price (down from $36.00) on shares of FormFactor in a research report on Thursday, August 21st. Finally, Wall Street Zen raised FormFactor from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $38.29.

FormFactor 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.

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.