Raymond James Financial Inc. Sells 17,457 Shares of FormFactor, Inc. $FORM

Key Points

• Raymond James Financial Inc. has reduced its stake in FormFactor, Inc. by 5.4% in Q1, now holding approximately 0.40% of the company, valued at about $8.65 million.
• Other institutional investors have significantly increased their positions in FormFactor, with entities like Massachusetts Financial Services Co. and Reinhart Partners LLC. raising their stakes by 82.1% and 160.6%, respectively.
• FormFactor's earnings report showed a miss on EPS estimates at $0.27, contributing to a quarterly revenue of $195.8 million, slightly below analyst expectations.

Raymond James Financial Inc. reduced its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 305,780 shares of the semiconductor company's stock after selling 17,457 shares during the period. Raymond James Financial Inc. owned approximately 0.40% of FormFactor worth $8,651,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock worth $111,861,000 after purchasing an additional 585,117 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of FormFactor by 82.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company's stock valued at $55,554,000 after buying an additional 885,617 shares during the period. Royce & Associates LP grew its stake in shares of FormFactor by 6.4% during the 1st quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company's stock valued at $52,904,000 after buying an additional 112,970 shares during the period. Reinhart Partners LLC. boosted its position in FormFactor by 160.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company's stock worth $32,692,000 after purchasing an additional 712,196 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in FormFactor by 138.2% during the 4th quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company's stock worth $43,205,000 after purchasing an additional 569,677 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Price Performance

FORM stock traded up $0.50 on Thursday, hitting $28.95. 447,087 shares of the company's stock traded hands, compared to its average volume of 820,664. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $50.79. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 51.70 and a beta of 1.24. The stock has a fifty day moving average of $32.05 and a 200-day moving average of $31.29. 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 (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). 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 prior year, the business posted $0.35 EPS. The company'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. On average, analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total value of $118,200.00. Following the transaction, the director directly owned 13,126 shares in the company, valued at approximately $387,873.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FORM shares. Wall Street Zen lowered shares of FormFactor from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Citigroup reiterated a "neutral" rating and set a $31.00 price objective (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Finally, Stifel Nicolaus dropped their price objective on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.