Walleye Capital LLC Acquires Shares of 14,586 FormFactor, Inc. $FORM

Key Points

• Walleye Capital LLC has acquired 14,586 shares of FormFactor, Inc. for approximately $413,000, highlighting increased interest from institutional investors in the semiconductor company.
• Recent insider activity includes the sale of 4,000 shares by Director Rebeca Obregon-Jimenez, representing a 23.36% decrease in their ownership.
• FormFactor reported $0.27 earnings per share in its latest quarter, falling short of analysts' expectations, while its quarterly revenue was approximately $195.80 million, slightly exceeding forecasts.

Walleye Capital LLC acquired a new stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,586 shares of the semiconductor company's stock, valued at approximately $413,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of FormFactor by 52.3% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after buying an additional 1,813 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of FormFactor by 104.4% in the first quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company's stock valued at $431,000 after buying an additional 7,787 shares in the last quarter. Victory Capital Management Inc. lifted 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 valued at $612,000 after buying an additional 599 shares in the last quarter. CWM LLC lifted 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 valued at $65,000 after buying an additional 382 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of FormFactor by 3.9% in the first quarter. HighTower Advisors LLC now owns 18,685 shares of the semiconductor company's stock valued at $529,000 after buying an additional 709 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Transactions at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the sale, the director owned 13,126 shares in the company, valued at approximately $387,873.30. This trade represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company's stock.

FormFactor Stock Performance

NASDAQ FORM opened at $28.43 on Wednesday. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $50.79. The company has a 50-day simple moving average of $32.17 and a 200 day simple moving average of $31.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. The company has a market capitalization of $2.19 billion, a PE ratio of 50.77 and a beta of 1.24.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The company had revenue of $195.80 million for the quarter, compared to analysts' expectations of $190.17 million. During the same quarter last year, the business posted $0.35 EPS. The business'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, research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on FORM shares. Wall Street Zen lowered shares of FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Stifel Nicolaus dropped their price target on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, July 31st. Finally, Citigroup reissued a "neutral" rating and set a $31.00 price target (down 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $38.29.

FormFactor Profile

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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