Cubist Systematic Strategies LLC Makes New Investment in FormFactor, Inc. $FORM

Key Points

• Cubist Systematic Strategies LLC has made a new investment in FormFactor, Inc., purchasing 181,292 shares valued at approximately $5.13 million, representing a 0.24% ownership stake in the company.
• Several other institutional investors, including Paradigm Capital Management and Comerica Bank, significantly increased their positions in FormFactor during the first quarter, highlighting a strong interest in the semiconductor company.
• FormFactor's stock was recently downgraded by multiple analysts, with Wall Street Zen changing its rating from "hold" to "sell" and a revised consensus price target of $31.00 from Citigroup.

Cubist Systematic Strategies LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 181,292 shares of the semiconductor company's stock, valued at approximately $5,129,000. Cubist Systematic Strategies LLC owned about 0.24% of FormFactor as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FORM. GAMMA Investing LLC raised its stake in FormFactor by 52.3% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after buying an additional 1,813 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of FormFactor by 104.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company's stock worth $431,000 after buying an additional 7,787 shares during the last quarter. Victory Capital Management Inc. lifted its stake in FormFactor by 2.8% in the first quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock valued at $612,000 after purchasing an additional 599 shares during the last quarter. HighTower Advisors LLC raised its holdings in FormFactor by 3.9% during the 1st 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 during the period. Finally, CWM LLC boosted its position in FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after buying an additional 382 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

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

FormFactor Price Performance

NASDAQ FORM traded up $0.27 on Tuesday, reaching $29.87. The company's stock had a trading volume of 81,112 shares, compared to its average volume of 812,066. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $50.79. 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 stock has a market cap of $2.30 billion, a PE ratio of 53.35 and a beta of 1.24. The firm's 50 day moving average is $31.71 and its two-hundred day moving average is $31.04.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 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 firm had revenue of $195.80 million during the quarter, compared to the consensus estimate of $190.17 million. During the same period in the prior year, the business earned $0.35 EPS. The company'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. As a group, sell-side analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

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.