FormFactor, Inc. $FORM Stock Position Lowered by Royal Bank of Canada

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 reduced its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 613,929 shares of the semiconductor company's stock after selling 44,267 shares during the period. Royal Bank of Canada owned approximately 0.80% of FormFactor worth $17,369,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Westfield Capital Management Co. LP purchased a new stake in FormFactor during the 1st quarter worth approximately $25,838,000. Massachusetts Financial Services Co. MA raised its position in shares of FormFactor by 82.1% in 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 purchasing an additional 885,617 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of FormFactor by 160.6% in the 1st quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company's stock valued at $32,692,000 after purchasing an additional 712,196 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of 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 purchasing an additional 257,600 shares in the last quarter. Finally, Comerica Bank raised its position in shares of FormFactor by 835.0% in the 1st quarter. Comerica Bank now owns 280,993 shares of the semiconductor company's stock valued at $7,949,000 after purchasing an additional 250,940 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Performance

Shares of NASDAQ:FORM traded down $0.43 during trading on Friday, reaching $30.14. 470,355 shares of the company's stock traded hands, compared to its average volume of 589,465. 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 12 month low of $22.58 and a 12 month high of $50.79. The company has a 50 day moving average of $31.23 and a 200-day moving average of $30.97. The stock has a market capitalization of $2.32 billion, a P/E ratio of 53.82 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. During the same period in the prior year, the company earned $0.35 EPS. FormFactor's quarterly 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, equities analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FORM shares. Wall Street Zen lowered FormFactor from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Stifel Nicolaus dropped their target price on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. Finally, Citigroup reissued a "neutral" rating and issued a $31.00 target price (down previously from $36.00) on shares of FormFactor in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $38.29.

Insider Buying and Selling

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's 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 transaction, the director owned 13,126 shares in the company, valued at $387,873.30. This trade represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $30.43, for a total transaction of $109,548.00. Following the transaction, the director owned 35,479 shares in the company, valued at $1,079,625.97. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

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.