Paradigm Capital Management Inc. NY Acquires 257,600 Shares of FormFactor, Inc. $FORM

Key Points

• Paradigm Capital Management Inc. significantly increased its stake in FormFactor, acquiring 257,600 shares, marking a 679.7% increase, and now holds 295,500 shares valued at approximately $8.36 million.
• Multiple institutional investors, including AlphaQuest LLC and Versant Capital Management Inc., have also reported major increases in their positions in FormFactor during the first quarter of this year.
• FormFactor's most recent earnings report showed a quarterly EPS of $0.27, falling short of the $0.30 estimate, alongside a revenue of $195.8 million, slightly surpassing expectations.

Paradigm Capital Management Inc. NY boosted its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 679.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,500 shares of the semiconductor company's stock after purchasing an additional 257,600 shares during the period. Paradigm Capital Management Inc. NY owned about 0.38% of FormFactor worth $8,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in FormFactor during the fourth quarter valued at $27,000. AlphaQuest LLC boosted its position in FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 969 shares during the last quarter. Versant Capital Management Inc boosted its position in FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 861 shares during the last quarter. Headlands Technologies LLC bought a new stake in FormFactor during the first quarter valued at $42,000. 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 acquiring an additional 382 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $387,873.30. This trade represents a 23.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

FormFactor Stock Up 0.7%

NASDAQ:FORM traded up $0.22 on Friday, hitting $29.17. The stock had a trading volume of 181,537 shares, compared to its average volume of 816,841. 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 $2.25 billion, a P/E ratio of 51.97 and a beta of 1.24. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $50.79. The firm's fifty day simple moving average is $31.92 and its two-hundred day simple moving average is $31.23.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate 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 company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current 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.