FormFactor, Inc. $FORM Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in FormFactor, Inc. by 1.5%, now owning 10,418,113 shares valued at approximately $294.7 million.
• Several institutional investors have increased their positions in FormFactor, with Massachusetts Financial Services growing its holdings by 82.1% during the same quarter.
• FormFactor reported a quarterly EPS of $0.27, missing the consensus estimate of $0.30, while experiencing a 0.8% drop in revenue year-over-year.

Vanguard Group Inc. decreased its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,418,113 shares of the semiconductor company's stock after selling 163,145 shares during the quarter. Vanguard Group Inc. owned about 13.52% of FormFactor worth $294,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after buying an additional 861 shares in the last quarter. CWM LLC grew its holdings in FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock worth $65,000 after buying an additional 382 shares in the last quarter. GAMMA Investing LLC grew its holdings in FormFactor by 52.3% during the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock worth $149,000 after buying an additional 1,813 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in FormFactor during the fourth quarter worth $202,000. Institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

FORM has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, July 31st. B. Riley raised their target price on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Citigroup reissued a "neutral" rating and issued a $31.00 target price (down previously from $36.00) on shares of FormFactor in a report on Thursday. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.29.

FormFactor Price Performance

Shares of FormFactor stock traded down $0.1790 during trading hours on Thursday, hitting $27.7210. The company's stock had a trading volume of 528,049 shares, compared to its average volume of 828,963. The business has a 50 day moving average price of $33.01 and a two-hundred day moving average price of $31.88. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $51.68. The company has a market cap of $2.14 billion, a PE ratio of 49.43 and a beta of 1.16. 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 announced 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). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business had revenue of $195.80 million during the quarter, compared to analysts' expectations of $190.17 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. FormFactor's revenue was down .8% on a year-over-year basis. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total transaction of $93,720.00. Following the completion of the sale, the director owned 40,957 shares in the company, valued at $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm'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 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 disclosure for this sale can be found here. 0.90% of the stock is owned by corporate 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.