Invesco Ltd. Boosts Stock Position in FormFactor, Inc. $FORM

Key Points

• Invesco Ltd. increased its stake in FormFactor, Inc. by 9.6% during Q1, owning 849,005 shares valued at approximately $24 million.
• Multiple large investors, including CWM LLC and Ellevest Inc., have also recently boosted their positions in FormFactor, indicating growing institutional interest in the semiconductor company.
• FormFactor reported Q2 earnings of $0.27 EPS, missing estimates, and anticipates Q3 EPS guidance of $0.210-0.290, with analysts currently projecting an average of $0.9 EPS for the fiscal year.

Invesco Ltd. raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 849,005 shares of the semiconductor company's stock after buying an additional 74,428 shares during the period. Invesco Ltd. owned about 1.10% of FormFactor worth $24,018,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FORM. Public Employees Retirement System of Ohio purchased a new position in shares of FormFactor during the 4th quarter valued at about $27,000. Versant Capital Management Inc raised its stake in shares of FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after buying an additional 861 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of FormFactor in the 1st quarter valued at about $42,000. CWM LLC increased its stake in shares of FormFactor by 19.9% in the 1st quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after purchasing an additional 382 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of 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. Hedge funds and other institutional investors own 98.76% of the company's stock.

FormFactor Price Performance

FORM stock traded up $0.21 during trading on Tuesday, hitting $29.42. The stock had a trading volume of 688,375 shares, compared to its average volume of 1,055,093. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $51.13. The stock has a market capitalization of $2.27 billion, a P/E ratio of 52.54 and a beta of 1.16. The company's 50-day moving average price is $32.59 and its two-hundred day moving average price is $31.56.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 5.57% and a net margin of 5.75%.The firm had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company's quarterly 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, research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FORM has been the subject of several recent analyst reports. Wall Street Zen lowered FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Evercore ISI cut their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. B. Riley lifted their price target on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Citigroup restated a "neutral" rating and issued a $31.00 price target (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $38.29.

Insider Activity

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following the sale, the director directly owned 13,126 shares in the company, valued at approximately $387,873.30. The trade was a 23.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the director owned 40,957 shares in the company, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

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.