FormFactor, Inc. $FORM Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in FormFactor, Inc. by 3.1%, selling 27,245 shares and now holding approximately 860,632 shares valued at $24.35 million.
• Institutional investors collectively own 98.76% of FormFactor's stock, with several firms increasing their stakes significantly in the recent quarters.
• FormFactor reported $0.27 EPS for the last quarter, missing the consensus estimate of $0.30, while total quarterly revenue reached $195.8 million, slightly above expectations.

Northern Trust Corp decreased its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 860,632 shares of the semiconductor company's stock after selling 27,245 shares during the period. Northern Trust Corp owned about 1.12% of FormFactor worth $24,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in FormFactor by 52.3% in the first 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 during the period. Janney Montgomery Scott LLC lifted its position in shares of FormFactor by 104.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company's stock valued at $431,000 after acquiring an additional 7,787 shares during the period. Victory Capital Management Inc. raised its position in shares of FormFactor by 2.8% during the 1st quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 599 shares during the last quarter. HighTower Advisors LLC raised its holdings in FormFactor by 3.9% in the 1st quarter. HighTower Advisors LLC now owns 18,685 shares of the semiconductor company's stock valued at $529,000 after acquiring an additional 709 shares during the last quarter. Finally, CWM LLC increased its holdings 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 buying an additional 382 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Up 1.3%

Shares of FORM traded up $0.38 during trading hours on Friday, hitting $29.33. 83,553 shares of the stock were exchanged, compared to its average volume of 816,234. 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 fifty-two week low of $22.58 and a fifty-two week high of $50.79. The business has a 50-day moving average of $31.92 and a 200-day moving average of $31.23. The firm has a market capitalization of $2.26 billion, a P/E ratio of 52.30 and a beta of 1.24.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 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 company had revenue of $195.80 million during the quarter, compared to the consensus estimate of $190.17 million. During the same period in the prior year, the firm posted $0.35 EPS. The business's revenue was down .8% on a year-over-year basis. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Buying and Selling at FormFactor

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction that occurred on 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 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FORM. Citigroup reissued a "neutral" rating and issued a $31.00 target price (down previously from $36.00) on shares of FormFactor in a report on Thursday, August 21st. Stifel Nicolaus decreased their price objective 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. Finally, Wall Street Zen cut shares of FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, FormFactor has a consensus rating of "Hold" and a consensus target price of $38.29.

About FormFactor

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.