Vanguard Personalized Indexing Management LLC Purchases Shares of 9,971 FormFactor, Inc. $FORM

Key Points

• Vanguard Personalized Indexing Management LLC acquired 9,971 shares of FormFactor, Inc., valued at approximately $343,000 in Q2 2023.
• Notable hedge funds, including Blue Trust Inc. and Janney Montgomery Scott LLC, have also increased their stakes in FormFactor, with institutional investors owning 98.76% of the company’s stock.
• FormFactor's recent quarterly earnings reported an EPS of $0.27, missing expectations by $0.03, contributing to a year-over-year revenue decline of 0.8%.

Vanguard Personalized Indexing Management LLC purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,971 shares of the semiconductor company's stock, valued at approximately $343,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in FormFactor by 10.2% during the 2nd quarter. Blue Trust Inc. now owns 11,237 shares of the semiconductor company's stock valued at $387,000 after purchasing an additional 1,040 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in FormFactor by 10.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 17,600 shares of the semiconductor company's stock valued at $606,000 after purchasing an additional 1,600 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in FormFactor by 52.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,250 shares of the semiconductor company's stock valued at $800,000 after purchasing an additional 8,005 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in FormFactor during the 2nd quarter valued at about $184,000. Finally, State of Alaska Department of Revenue boosted its stake in FormFactor by 6.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 45,857 shares of the semiconductor company's stock valued at $1,577,000 after purchasing an additional 2,942 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 13,126 shares in the company, valued at approximately $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kelley Steven-Waiss sold 3,600 shares of the company'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 value of $109,548.00. Following the completion of the transaction, the director owned 35,479 shares in the company, valued at approximately $1,079,625.97. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Price Performance

FormFactor stock opened at $42.84 on Friday. 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 business's 50 day simple moving average is $34.48 and its 200 day simple moving average is $32.50. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 76.50 and a beta of 1.28.

FormFactor (NASDAQ:FORM - Get Free Report) last posted 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 firm 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 company posted $0.35 EPS. FormFactor'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. Sell-side analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FORM. Stifel Nicolaus boosted their target price on FormFactor from $31.00 to $35.00 and gave the stock a "hold" rating in a research note on Monday, October 13th. Zacks Research upgraded FormFactor from a "strong sell" rating to a "hold" rating in a research note on Monday. Citigroup restated a "neutral" rating and issued a $31.00 target price (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Weiss Ratings restated a "hold (c)" rating on shares of FormFactor in a research note on Wednesday, October 8th. Finally, B. Riley upgraded FormFactor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $34.00 to $47.00 in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.00.

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.

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