Charles Schwab Investment Management Inc. Has $25.60 Million Position in FormFactor, Inc. $FORM

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in FormFactor, Inc. by 1.7%, now owning approximately 1.17% of the company, valued at $25.6 million.
• Various institutional investors have either reduced or increased their positions in FormFactor, with Bayforest Capital Ltd increasing its stake by an impressive 398.1%.
• FormFactor reported a net margin of 5.75% and total revenue of $195.8 million for the last quarter, which narrowly exceeded analyst estimates.

Charles Schwab Investment Management Inc. cut its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 904,826 shares of the semiconductor company's stock after selling 15,615 shares during the period. Charles Schwab Investment Management Inc. owned 1.17% of FormFactor worth $25,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of FormFactor in the 4th quarter valued at $27,000. Versant Capital Management Inc increased its holdings in FormFactor by 256.3% during the 1st 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 period. CWM LLC increased its holdings in FormFactor by 19.9% during the 1st 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 period. GAMMA Investing LLC raised its position in FormFactor by 52.3% in the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of FormFactor by 478.9% during the first quarter. Avior Wealth Management LLC now owns 7,283 shares of the semiconductor company's stock worth $206,000 after buying an additional 6,025 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of FormFactor stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the sale, the director owned 40,957 shares of the company's stock, valued at $1,279,496.68. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, 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 disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

Shares of FormFactor stock traded up $0.06 during trading on Monday, reaching $29.22. The company's stock had a trading volume of 274,109 shares, compared to its average volume of 828,855. 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 business's fifty day moving average price is $32.79 and its 200-day moving average price is $31.62. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 52.18 and a beta of 1.16. FormFactor, Inc. has a one year low of $22.58 and a one year high of $51.68.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $190.17 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company's revenue was down .8% on a year-over-year basis. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, equities research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. DA Davidson lowered their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus decreased their price objective on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. Citigroup reiterated a "neutral" rating and issued a $31.00 target price (down previously from $36.00) on shares of FormFactor in a report on Thursday. Finally, Wall Street Zen cut FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $38.29.

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.