Comerica Bank Boosts Stake in FormFactor, Inc. $FORM

Key Points

• Comerica Bank has significantly increased its investment in FormFactor, Inc., purchasing an additional 250,940 shares, bringing its total ownership to 280,993 shares, valued at approximately $7.9 million.
• Several hedge funds have also adjusted their positions in FormFactor, resulting in 98.76% of the shares being owned by institutional investors.
• FormFactor reported a miss on earnings expectations with an EPS of $0.27 for the last quarter, despite a revenue of $195.80 million, leading to a revised Q3 2025 guidance of $0.210-$0.290 EPS.

Comerica Bank grew its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 835.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,993 shares of the semiconductor company's stock after purchasing an additional 250,940 shares during the period. Comerica Bank owned approximately 0.36% of FormFactor worth $7,949,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC purchased a new position in FormFactor in the first quarter worth about $413,000. AlphaQuest LLC grew its position in FormFactor by 96,900.0% in the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 969 shares in the last quarter. Capital Fund Management S.A. grew its position in FormFactor by 107.3% in the first quarter. Capital Fund Management S.A. now owns 63,523 shares of the semiconductor company's stock worth $1,797,000 after acquiring an additional 32,877 shares in the last quarter. American Century Companies Inc. grew its position in FormFactor by 261.8% in the first quarter. American Century Companies Inc. now owns 33,846 shares of the semiconductor company's stock worth $958,000 after acquiring an additional 24,490 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in FormFactor by 7.0% in the first quarter. Russell Investments Group Ltd. now owns 35,124 shares of the semiconductor company's stock worth $994,000 after acquiring an additional 2,306 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

FormFactor Trading Down 1.2%

Shares of FORM traded down $0.35 during trading hours on Friday, reaching $29.19. 478,898 shares of the company traded hands, compared to its average volume of 867,534. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 52.13 and a beta of 1.16. The stock's fifty day moving average price is $32.37 and its 200 day moving average price is $31.43. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $50.79.

FormFactor (NASDAQ:FORM - Get Free Report) last announced 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). The firm had revenue of $195.80 million during the quarter, compared to analysts' expectations 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 firm posted $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Sell-side analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FORM shares. Citigroup reiterated a "neutral" rating and issued a $31.00 price target (down previously from $36.00) on shares of FormFactor in a research report on Thursday, August 21st. 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 report on Thursday, July 31st. Finally, Wall Street Zen lowered FormFactor from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $38.29.

Insider Activity

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company's stock.

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.