Needham Investment Management LLC Buys 39,500 Shares of FormFactor, Inc. $FORM

Key Points

• Needham Investment Management LLC increased its stake in FormFactor, Inc. by 6.3%, holding approximately $18.81 million, which constitutes about 1.8% of its total investments.
• Multiple institutional investors, including GAMMA Investing LLC and Janney Montgomery Scott LLC, have significantly increased their holdings in FormFactor, indicating growing confidence in the company.
• Recent analyst reports have downgraded FormFactor's stock rating to "sell" with a consensus price target decreasing to $31.00, reflecting concerns about its financial performance.

Needham Investment Management LLC increased its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 665,000 shares of the semiconductor company's stock after purchasing an additional 39,500 shares during the quarter. FormFactor makes up about 1.8% of Needham Investment Management LLC's investment portfolio, making the stock its 15th largest holding. Needham Investment Management LLC owned about 0.86% of FormFactor worth $18,813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC raised its stake in FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after buying an additional 382 shares during the last quarter. Ellevest Inc. raised its stake in FormFactor by 7.1% during the fourth quarter. Ellevest Inc. now owns 8,907 shares of the semiconductor company's stock valued at $392,000 after buying an additional 590 shares during the last quarter. Victory Capital Management Inc. raised its stake in FormFactor by 2.8% during the first quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock valued at $612,000 after buying an additional 599 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in FormFactor during the fourth quarter valued at $27,000. Finally, HighTower Advisors LLC raised its stake in FormFactor by 3.9% during the first quarter. HighTower Advisors LLC now owns 18,685 shares of the semiconductor company's stock valued at $529,000 after buying an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Transactions at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the sale, the director owned 13,126 shares of the company's stock, valued at approximately $387,873.30. The trade was a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.90% of the company's stock.

FormFactor Stock Performance

FormFactor stock traded up $1.22 during mid-day trading on Thursday, reaching $30.66. 249,954 shares of the stock traded hands, compared to its average volume of 808,786. The stock has a market capitalization of $2.36 billion, a PE ratio of 54.73 and a beta of 1.24. 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 12-month low of $22.58 and a 12-month high of $50.79. The business's 50-day moving average is $31.47 and its 200-day moving average is $31.02.

FormFactor (NASDAQ:FORM - Get Free Report) last posted 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). The firm had revenue of $195.80 million for the quarter, compared to analysts' expectations of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The firm's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, sell-side analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FORM. Stifel Nicolaus lowered their price objective on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, July 31st. 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, Wall Street Zen downgraded FormFactor from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.29.

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.