Bayforest Capital Ltd Boosts Position 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 boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 398.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 also recently bought and sold shares of the business. Earnest Partners LLC raised its position in FormFactor by 0.3% during the 1st 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 during the last quarter. Massachusetts Financial Services Co. MA grew 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 purchasing an additional 885,617 shares during the period. Royce & Associates LP grew its stake in shares of FormFactor by 6.4% during the 1st quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company's stock worth $52,904,000 after purchasing an additional 112,970 shares during the period. Reinhart Partners LLC. grew 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 purchasing an additional 712,196 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of FormFactor during the 1st quarter worth approximately $25,838,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the sale, the director owned 13,126 shares of the company's stock, valued at $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of analyst reports. Citigroup reaffirmed a "neutral" rating and set a $31.00 price objective (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Wall Street Zen cut shares of FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus dropped their price objective 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. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $38.29.

FormFactor Price Performance

FormFactor stock opened at $29.44 on Thursday. The company's fifty day moving average price is $31.47 and its 200 day moving average price is $31.02. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $50.79. The stock has a market capitalization of $2.27 billion, a P/E ratio of 52.57 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.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $190.17 million. During the same period in the prior year, the business posted $0.35 EPS. FormFactor's revenue was down .8% compared to the same quarter last year. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, equities research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.

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