Janney Montgomery Scott LLC Reduces Stake in FormFactor, Inc. $FORM

Janney Montgomery Scott LLC lowered its position in FormFactor, Inc. (NASDAQ:FORM) by 41.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,816 shares of the semiconductor company’s stock after selling 9,975 shares during the period. Janney Montgomery Scott LLC’s holdings in FormFactor were worth $1,340,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of FormFactor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after purchasing an additional 2,001 shares during the last quarter. Jones Financial Companies Lllp grew its position in FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 4,743 shares during the period. Goldman Sachs Group Inc. increased its holdings in FormFactor by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after buying an additional 53,310 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in FormFactor by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock worth $4,922,000 after acquiring an additional 9,394 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of FormFactor by 18.1% during the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after acquiring an additional 8,194 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of FORM stock traded down $1.92 on Friday, hitting $117.52. 1,001,752 shares of the stock traded hands, compared to its average volume of 2,002,938. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $160.27. The firm has a 50 day simple moving average of $132.47 and a two-hundred day simple moving average of $106.60. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 135.08 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The company had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. During the same quarter in the prior year, the firm posted $0.23 EPS. FormFactor’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities research analysts predict that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at FormFactor

In related news, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director owned 5,375 shares in the company, valued at approximately $674,025. This trade represents a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the sale, the director directly owned 8,653 shares in the company, valued at $1,090,278. This trade represents a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 49,828 shares of company stock valued at $6,306,587. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FORM. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price target on shares of FormFactor in a research report on Monday, April 27th. TD Cowen raised their price objective on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Finally, Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price objective on the stock in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.