Harbor Capital Advisors Inc. Acquires 57,470 Shares of FormFactor, Inc. $FORM

Key Points

• Harbor Capital Advisors Inc. significantly increased its holdings in FormFactor, Inc. by purchasing an additional 57,470 shares during the second quarter, raising its total ownership to 162,464 shares valued at approximately $5.59 million.
• Wall Street analysts have recently lowered their price targets for FormFactor, with Stifel Nicolaus cutting it from $34.00 to $31.00, and Citigroup issuing a target of $31.00, down from $36.00.
• The semiconductor company reported a quarterly earnings miss with an EPS of $0.27, falling short of the consensus estimate of $0.30, while projecting Q3 2025 EPS guidance between $0.210 and $0.290.

Harbor Capital Advisors Inc. increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 54.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,464 shares of the semiconductor company's stock after acquiring an additional 57,470 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.21% of FormFactor worth $5,590,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its stake in FormFactor by 282.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 547 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of FormFactor in the fourth quarter worth approximately $27,000. AlphaQuest LLC boosted its position in FormFactor by 96,900.0% during the 1st quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 969 shares in the last quarter. Versant Capital Management Inc raised its stake in FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 861 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of FormFactor in the 1st quarter valued at about $42,000. Institutional investors own 98.76% of the company's stock.

Insider Activity at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company's 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 completion of the sale, the director directly owned 13,126 shares in the company, valued at $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $30.43, for a total transaction of $109,548.00. Following the completion of the transaction, the director directly owned 35,479 shares of the company's stock, valued at $1,079,625.97. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

FormFactor Stock Down 2.2%

NASDAQ FORM traded down $0.81 during midday trading on Friday, hitting $35.23. 1,900,212 shares of the company traded hands, compared to its average volume of 626,402. The company's 50-day simple moving average is $30.98 and its 200-day simple moving average is $30.97. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $50.79. 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 market cap of $2.72 billion, a PE ratio of 62.91 and a beta of 1.24.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. During the same quarter in the prior year, the company posted $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 forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

FORM has been the topic of a number of recent research reports. Citigroup reaffirmed 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. Wall Street Zen upgraded shares of FormFactor from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, 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 report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, FormFactor presently has a consensus 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.