Royal Bank of Canada Cuts Stock Holdings in FormFactor, Inc. $FORM

Key Points

• Royal Bank of Canada sold 44,267 shares of FormFactor, Inc., reducing its stake by 6.7% to approximately 0.80% of the company's stock, valued at $17.37 million.
• Several institutional investors significantly increased their holdings in FormFactor, including Comerica Bank, which grew its stake by 835.0%.
• FormFactor's stock has seen a recent target price reduction from analysts, with Stifel Nicolaus lowering it from $34.00 to $31.00, while others have also shifted ratings to a "sell".

Royal Bank of Canada cut its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 613,929 shares of the semiconductor company's stock after selling 44,267 shares during the period. Royal Bank of Canada owned 0.80% of FormFactor worth $17,369,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in FormFactor in the fourth quarter worth approximately $27,000. AlphaQuest LLC raised its position in FormFactor by 96,900.0% in the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 969 shares during the period. Versant Capital Management Inc raised its position in FormFactor by 256.3% in the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 861 shares during the period. Headlands Technologies LLC bought a new position in FormFactor in the first quarter worth approximately $42,000. Finally, CWM LLC increased 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 worth $65,000 after purchasing an additional 382 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Transactions at FormFactor

In related news, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $30.43, for a total transaction of $109,548.00. Following the completion of the sale, the director owned 35,479 shares in the company, valued at $1,079,625.97. This trade represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the sale, the director owned 13,126 shares of the company's stock, valued at $387,873.30. The trade was a 23.36% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of analyst reports. Citigroup reissued a "neutral" rating and issued a $31.00 price objective (down from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Wall Street Zen cut shares of FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.29.

FormFactor Price Performance

Shares of NASDAQ:FORM traded up $0.58 on Monday, reaching $30.72. The company's stock had a trading volume of 702,489 shares, compared to its average volume of 581,141. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $50.79. The company has a market cap of $2.37 billion, a P/E ratio of 54.86 and a beta of 1.24. The company has a 50-day simple moving average of $31.15 and a 200 day simple moving average of $30.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24.

FormFactor (NASDAQ:FORM - Get Free Report) last issued 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). The business had revenue of $195.80 million during the quarter, compared to analysts' expectations of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The business's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, equities research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.