Channing Capital Management LLC Sells 389,414 Shares of FormFactor, Inc. $FORM

Key Points

• Channing Capital Management LLC has reduced its stake in FormFactor, Inc. by 25.5%, selling 389,414 shares and holding 1,138,437 shares by the end of the first quarter.
• FormFactor's stock has decreased by 2.3%, currently trading at $27.90, and the company has reported earnings of $0.27 per share, missing the consensus estimate.
• Wall Street analysts have mixed ratings, with two recommending a Buy and five recommending a Hold, as the average target price for the stock is established at $41.14.

Channing Capital Management LLC cut its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,138,437 shares of the semiconductor company's stock after selling 389,414 shares during the period. Channing Capital Management LLC owned about 1.48% of FormFactor worth $32,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in FormFactor during the fourth quarter worth $27,000. Versant Capital Management Inc lifted its stake in FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 861 shares during the last quarter. Headlands Technologies LLC bought a new stake in FormFactor during the first quarter worth $42,000. CWM LLC lifted its stake in FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 382 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in FormFactor by 52.3% during the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,813 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

Shares of FORM traded up $0.35 during trading hours on Tuesday, reaching $29.56. The stock had a trading volume of 168,487 shares, compared to its average volume of 827,001. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $51.13. The stock has a market capitalization of $2.28 billion, a PE ratio of 52.59 and a beta of 1.16. 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's 50-day moving average is $32.67 and its two-hundred day moving average is $31.57.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). The company had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business'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 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on FORM. B. Riley upped their target price on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. DA Davidson cut their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Wall Street Zen cut FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus dropped 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. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $38.29.

Insider Transactions at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the 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 sale, the director directly owned 13,126 shares in the company, valued at approximately $387,873.30. This trade represents a 23.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 3,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the sale, the director owned 40,957 shares of the company's stock, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

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.