Select Equity Group L.P. Has $9.78 Million Holdings in FormFactor, Inc. $FORM

Select Equity Group L.P. boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 459.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,782 shares of the semiconductor company's stock after purchasing an additional 283,983 shares during the period. Select Equity Group L.P. owned 0.45% of FormFactor worth $9,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Earnest Partners LLC increased its holdings in FormFactor by 0.3% during the 1st quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company's stock valued at $171,299,000 after purchasing an additional 18,039 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 valued at $111,861,000 after purchasing an additional 585,117 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in 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 purchasing an additional 885,617 shares in the last quarter. Royce & Associates LP increased its holdings in 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 purchasing an additional 112,970 shares in the last quarter. Finally, Reinhart Partners LLC. increased its holdings in FormFactor by 160.6% during 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. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Down 1.4%

Shares of NASDAQ:FORM traded down $0.43 during midday trading on Friday, hitting $30.14. The company had a trading volume of 470,355 shares, compared to its average volume of 589,465. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 53.82 and a beta of 1.24. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $50.79. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $31.23 and a 200 day simple moving average of $30.94.

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 the consensus estimate of $0.30 by ($0.03). The business had revenue of $195.80 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor 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 sale, the director owned 13,126 shares of the company's stock, valued at $387,873.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $109,548.00. Following the completion of the sale, the director directly 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. Company insiders own 0.90% of the company's stock.

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.