Massachusetts Financial Services Co. MA Sells 762,006 Shares of FormFactor, Inc. $FORM

Key Points

• Massachusetts Financial Services Co. MA cut its stake in FormFactor by 35.8%, selling 762,006 shares and retaining 1,369,024 shares (about 1.77% of the company) valued at roughly $76.36 million.
• Corporate insiders have been net sellers, disposing of 66,276 shares worth about $6.0 million over the past 90 days, including Director Sheri Rhodes and CFO Aric Brendan Mckinnis reducing their holdings.
• FormFactor beat quarterly expectations with $0.46 EPS vs. $0.35 est. and $215.16M revenue vs. $210.29M, the company guided Q1 EPS to $0.410–0.490, and analysts' consensus is a "Moderate Buy" with a $87.91 target.

Massachusetts Financial Services Co. MA cut its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,369,024 shares of the semiconductor company's stock after selling 762,006 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.77% of FormFactor worth $76,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of FormFactor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company's stock valued at $1,303,000 after buying an additional 2,001 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in FormFactor by 870.3% during the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company's stock valued at $150,000 after purchasing an additional 4,743 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company's stock valued at $13,873,000 after purchasing an additional 53,310 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company's stock valued at $4,922,000 after purchasing an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in FormFactor by 18.1% during the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company's stock valued at $1,514,000 after purchasing an additional 8,194 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on FORM shares. Northland Securities set a $70.00 price target on FormFactor in a report on Thursday, February 5th. Piper Sandler set a $100.00 price target on FormFactor in a report on Monday, February 2nd. Craig Hallum reaffirmed a "buy" rating and set a $90.00 price target on shares of FormFactor in a report on Thursday, February 5th. Wall Street Zen raised FormFactor from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Finally, Stifel Nicolaus raised their price target on FormFactor from $65.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $87.91.

Insider Activity

In other FormFactor news, Director Sheri Rhodes sold 7,634 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $92.61, for a total transaction of $706,984.74. Following the transaction, the director owned 10,356 shares in the company, valued at $959,069.16. This trade represents a 42.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $90.42, for a total value of $313,034.04. Following the transaction, the chief financial officer owned 11,140 shares in the company, valued at $1,007,278.80. The trade was a 23.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 66,276 shares of company stock worth $6,001,771. Corporate insiders own 0.90% of the company's stock.

FormFactor Stock Up 3.6%

FORM stock opened at $128.22 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.60. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 185.83 and a beta of 1.04. The business's fifty day moving average price is $96.97 and its two-hundred day moving average price is $69.95. FormFactor, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $136.00.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.11. The firm had revenue of $215.16 million for the quarter, compared to analysts' expectations of $210.29 million. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The company's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. On average, equities analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

FormFactor Profile

FormFactor, Inc NASDAQ: FORM is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor's product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.

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