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

A number of other institutional investors also recently made changes to their positions in FORM. Bank of Montreal Can boosted its stake in shares of FormFactor by 6.9% in the 4th quarter. Bank of Montreal Can now owns 9,473 shares of the semiconductor company's stock valued at $417,000 after purchasing an additional 610 shares in the last quarter. Barclays PLC boosted its stake in shares of FormFactor by 2.5% in the 4th quarter. Barclays PLC now owns 149,107 shares of the semiconductor company's stock valued at $6,561,000 after purchasing an additional 3,615 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of FormFactor in the 4th quarter valued at $377,000. Canada Pension Plan Investment Board boosted its stake in shares of FormFactor by 206.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 79,600 shares of the semiconductor company's stock valued at $3,502,000 after purchasing an additional 53,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of FormFactor by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,101,816 shares of the semiconductor company's stock valued at $92,490,000 after purchasing an additional 109,995 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Transactions at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the sale, the director directly owned 13,126 shares of the company's stock, valued at approximately $387,873.30. This represents a 23.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the sale, the director directly owned 40,957 shares in the company, valued at $1,279,496.68. This trade represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Stifel Nicolaus cut their price objective on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, July 31st. Citigroup reiterated a "neutral" rating and set a $31.00 price target (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st. Evercore ISI lowered their price target on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Finally, B. Riley upped their price target on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. One 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.com, the company has an average rating of "Hold" and a consensus target price of $38.29.

FormFactor Trading Up 0.7%

NASDAQ FORM traded up $0.21 during trading on Tuesday, hitting $29.42. The company had a trading volume of 688,375 shares, compared to its average volume of 1,055,093. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a one year low of $22.58 and a one year high of $51.13. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 52.54 and a beta of 1.16. The company's fifty day moving average is $32.59 and its 200-day moving average is $31.56.

FormFactor (NASDAQ:FORM - Get Free Report) last issued 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). 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 the consensus estimate of $190.17 million. During the same quarter last year, the company posted $0.35 earnings per share. The firm'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. On average, sell-side 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.