Vanguard Group Inc. Decreases Stake in FormFactor, Inc. $FORM

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

Several other hedge funds have also recently modified their holdings of the business. CWM LLC raised 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 during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of FormFactor by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company's stock worth $356,000 after purchasing an additional 400 shares during the last quarter. Ellevest Inc. raised its stake in shares of FormFactor by 7.1% in the fourth quarter. Ellevest Inc. now owns 8,907 shares of the semiconductor company's stock worth $392,000 after purchasing an additional 590 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of FormFactor by 2.8% in the first quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 599 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

FormFactor Stock Performance

NASDAQ:FORM traded up $1.31 during mid-day trading on Friday, hitting $29.16. 935,597 shares of the company traded hands, compared to its average volume of 1,032,573. The stock's fifty day moving average price is $32.79 and its 200-day moving average price is $31.73. FormFactor, Inc. has a one year low of $22.58 and a one year high of $51.68. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 52.07 and a beta of 1.16.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (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 company 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 firm posted $0.35 EPS. The business'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. Research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FORM has been the subject of several research analyst reports. Citigroup reaffirmed a "neutral" rating and issued a $31.00 price objective (down previously from $36.00) on shares of FormFactor in a report on Thursday. DA Davidson cut their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus cut 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. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Finally, Wall Street Zen lowered FormFactor from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One equities 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 stock presently has a consensus rating of "Hold" and a consensus target price of $38.29.

Insider Activity

In related news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the sale, the director directly owned 40,957 shares in the company, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the business's 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 completion of the sale, the director owned 13,126 shares in the company, valued at $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.