Bayforest Capital Ltd Increases Stock Holdings in FormFactor, Inc. $FORM

Key Points

• Bayforest Capital Ltd increased its holdings in FormFactor, Inc. by 398.1% during the first quarter, acquiring a total of 10,629 shares valued at approximately $301,000.
• Multiple institutional investors, including Massachusetts Financial Services Co. MA and Reinhart Partners LLC, have significantly boosted their stakes in FormFactor, highlighting strong interest in the company.
• FormFactor reported earnings of $0.27 per share for the last quarter, missing analyst expectations, while its revenue decreased by 0.8% from the previous year.

Bayforest Capital Ltd grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 398.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,629 shares of the semiconductor company's stock after buying an additional 8,495 shares during the quarter. Bayforest Capital Ltd's holdings in FormFactor were worth $301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Westfield Capital Management Co. LP bought a new stake in shares of FormFactor during the 1st quarter worth approximately $25,838,000. Massachusetts Financial Services Co. MA lifted its stake in shares of FormFactor by 82.1% in 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 buying an additional 885,617 shares in the last quarter. Reinhart Partners LLC. lifted its stake in shares of FormFactor by 160.6% in the first quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company's stock valued at $32,692,000 after buying an additional 712,196 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of FormFactor by 459.5% during the first quarter. Select Equity Group L.P. now owns 345,782 shares of the semiconductor company's stock valued at $9,782,000 after purchasing an additional 283,983 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its position in shares of FormFactor by 679.7% during the first quarter. Paradigm Capital Management Inc. NY now owns 295,500 shares of the semiconductor company's stock valued at $8,360,000 after purchasing an additional 257,600 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insiders Place Their Bets

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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kelley Steven-Waiss sold 3,600 shares of the firm'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 completion of the sale, the director directly owned 35,479 shares of the company's stock, valued at $1,079,625.97. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FORM shares. Wall Street Zen downgraded shares of FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Citigroup reiterated a "neutral" rating and set a $31.00 price target (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st. Finally, Stifel Nicolaus reduced their price objective on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.29.

FormFactor Price Performance

Shares of NASDAQ:FORM traded up $0.62 during midday trading on Tuesday, reaching $31.34. 174,521 shares of the company's stock traded hands, compared to its average volume of 804,713. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $50.79. The company has a market cap of $2.42 billion, a P/E ratio of 55.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. The company has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $30.91.

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 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 prior year, the company posted $0.35 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Equities analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.