Neuberger Berman Group LLC Sells 47,462 Shares of FormFactor, Inc. $FORM

Key Points

• Neuberger Berman Group LLC has reduced its stake in FormFactor, Inc. by 16% in the first quarter, now holding 250,002 shares valued at approximately $7 million.
• Multiple institutional investors, including GAMMA Investing LLC and Janney Montgomery Scott LLC, increased their holdings in FormFactor by significant margins during the same period.
• FormFactor's stock has seen a price target decrease from several analysts, with current consensus rating classified as "Hold" and an average price target of $41.14.

Neuberger Berman Group LLC lowered its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 16.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,002 shares of the semiconductor company's stock after selling 47,462 shares during the period. Neuberger Berman Group LLC owned 0.32% of FormFactor worth $7,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FORM. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor during the 4th quarter worth approximately $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 worth $34,000 after purchasing an additional 861 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of FormFactor during the 1st quarter worth approximately $42,000. CWM LLC raised its stake in shares of FormFactor by 19.9% during the 1st quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 382 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of FormFactor by 52.3% during the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,813 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

FormFactor Stock Performance

FORM stock traded down $0.65 during trading hours on Wednesday, hitting $27.90. 733,230 shares of the stock were exchanged, compared to its average volume of 992,930. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.15 billion, a P/E ratio of 49.82 and a beta of 1.16. The company has a 50-day simple moving average of $33.01 and a two-hundred day simple moving average of $31.88. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $51.68.

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 for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director owned 40,957 shares in the company, valued at $1,279,496.68. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following the transaction, the director owned 13,126 shares in the company, valued at $387,873.30. The trade was a 23.36% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FORM. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Evercore ISI dropped their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, July 31st. DA Davidson dropped their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, B. Riley increased 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. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $41.14.

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.