Petrus Trust Company LTA Purchases Shares of 11,209 FormFactor, Inc. $FORM

Key Points

• Petrus Trust Company LTA acquired 11,209 shares of FormFactor, Inc., valued at approximately $317,000, marking a new investment in the semiconductor company.
• Citigroup and Stifel Nicolaus both recently lowered their price targets for FormFactor shares to $31.00, maintaining neutral and hold ratings respectively.
• FormFactor reported a quarterly earnings miss with an EPS of $0.27, missing the consensus estimate of $0.30, while revenues of $195.8 million were slightly above expectations.

Petrus Trust Company LTA acquired a new stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 11,209 shares of the semiconductor company's stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Needham Investment Management LLC raised its holdings in FormFactor by 6.3% in the 1st quarter. Needham Investment Management LLC now owns 665,000 shares of the semiconductor company's stock valued at $18,813,000 after acquiring an additional 39,500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in FormFactor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company's stock valued at $1,303,000 after acquiring an additional 2,001 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in FormFactor by 7.3% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 40,231 shares of the semiconductor company's stock valued at $1,138,000 after acquiring an additional 2,720 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in FormFactor in the 1st quarter valued at $5,129,000. Finally, Paradigm Capital Management Inc. NY raised its holdings in FormFactor by 679.7% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 295,500 shares of the semiconductor company's stock valued at $8,360,000 after acquiring an additional 257,600 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company's 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 completion of the transaction, the director owned 13,126 shares of the company's stock, valued at $387,873.30. This represents a 23.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kelley Steven-Waiss sold 3,600 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the completion of the transaction, the director directly owned 35,479 shares of the company's stock, valued at approximately $1,079,625.97. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

FormFactor Price Performance

Shares of FormFactor stock traded down $0.43 during trading on Friday, reaching $30.14. 470,355 shares of the company's stock were exchanged, compared to its average volume of 581,141. The company has a market cap of $2.32 billion, a P/E ratio of 53.82 and a beta of 1.24. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $50.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. The firm's 50-day moving average price is $31.23 and its 200 day moving average price is $30.93.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the previous year, the company earned $0.35 EPS. FormFactor's revenue for the quarter 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 anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Citigroup reissued a "neutral" rating and set a $31.00 price target (down previously from $36.00) on shares of FormFactor in a report on Thursday, August 21st. Finally, Stifel Nicolaus lowered their price target on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, FormFactor has an average rating of "Hold" and a consensus 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.