FormFactor, Inc. $FORM Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its holdings in FormFactor, Inc. by 27.3%, acquiring an additional 52,638 shares during the first quarter, bringing its total ownership to approximately 0.32% of the company.
• FormFactor recently reported quarterly earnings, missing analysts' expectations with an EPS of $0.27 and a slight revenue decline of 0.8% year-over-year.
• Analysts have mixed ratings for FormFactor, with one sell rating, five hold ratings, and two buy ratings, while the average price target is set at $41.14.

Public Sector Pension Investment Board lifted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 27.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,643 shares of the semiconductor company's stock after buying an additional 52,638 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of FormFactor worth $6,949,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 1,813 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of FormFactor by 104.4% in the first quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company's stock valued at $431,000 after buying an additional 7,787 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of FormFactor by 2.8% in 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 in the last quarter. CWM LLC boosted its stake in shares of FormFactor by 19.9% in 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 in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of FormFactor by 6.9% in the fourth quarter. Bank of Montreal Can now owns 9,473 shares of the semiconductor company's stock valued at $417,000 after buying an additional 610 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen downgraded FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. DA Davidson decreased their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Evercore ISI decreased their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. B. Riley boosted their target price on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus decreased their target price on FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, FormFactor currently has an average rating of "Hold" and a consensus price target of $41.14.

Insider Buying and Selling at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company's 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 completion of the transaction, the director directly owned 13,126 shares in the company, valued at approximately $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director owned 40,957 shares of the company's stock, valued at $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

FormFactor Price Performance

Shares of NASDAQ:FORM traded down $0.08 on Tuesday, hitting $28.55. The company had a trading volume of 608,605 shares, compared to its average volume of 831,586. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $51.68. The business has a 50 day moving average of $33.28 and a 200 day moving average of $31.94. The company has a market cap of $2.20 billion, a PE ratio of 50.98 and a beta of 1.16.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, equities analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.