Earnest Partners LLC Purchases 18,039 Shares of FormFactor, Inc. $FORM

Key Points

• Earnest Partners LLC increased its stake in FormFactor, Inc. by 0.3% during the first quarter, now holding 6,055,121 shares valued at approximately $171.3 million.
• Despite a revenue of $195.80 million for the quarter, FormFactor reported earnings per share of $0.27, missing analysts' expectations by $0.03.
• Recent analyst ratings for FormFactor have varied, with Citigroup lowering its price target from $36.00 to $31.00, indicating a consensus rating of "Hold" for the stock.

Earnest Partners LLC grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,055,121 shares of the semiconductor company's stock after acquiring an additional 18,039 shares during the quarter. Earnest Partners LLC owned about 7.86% of FormFactor worth $171,299,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FORM. CWM LLC raised its holdings in shares of FormFactor by 19.9% during the 1st quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after buying an additional 382 shares in the last quarter. Ellevest Inc. raised its holdings in shares of FormFactor by 7.1% during the 4th quarter. Ellevest Inc. now owns 8,907 shares of the semiconductor company's stock valued at $392,000 after buying an additional 590 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of FormFactor by 2.8% during the 1st quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock valued at $612,000 after buying an additional 599 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of FormFactor during the 4th quarter valued at about $27,000. Finally, HighTower Advisors LLC raised its holdings in shares of 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 buying an additional 709 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

FormFactor Trading Down 1.2%

FormFactor stock traded down $0.35 during trading hours on Friday, reaching $29.19. The company had a trading volume of 478,898 shares, compared to its average volume of 867,534. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. The company has a 50-day moving average price of $32.37 and a 200 day moving average price of $31.43. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 52.13 and a beta of 1.16. 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 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The company had revenue of $195.80 million during the quarter, compared to analysts' expectations of $190.17 million. During the same period last year, the firm earned $0.35 earnings per share. FormFactor's revenue for the quarter was down .8% on a year-over-year basis. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Equities analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Activity

In other 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 transaction of $118,200.00. Following the transaction, the director directly owned 13,126 shares of the company's stock, valued at approximately $387,873.30. The trade was a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

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

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.