Linden Thomas Advisory Services LLC Sells 416 Shares of FormFactor, Inc. $FORM

Linden Thomas Advisory Services LLC lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,366 shares of the semiconductor company’s stock after selling 416 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.05% of FormFactor worth $1,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Earnest Partners LLC boosted its position in shares of FormFactor by 0.3% in the 1st quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock worth $171,299,000 after purchasing an additional 18,039 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in FormFactor by 82.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock worth $55,554,000 after acquiring an additional 885,617 shares during the period. Reinhart Partners LLC. lifted its position in FormFactor by 64.8% during the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the period. Royce & Associates LP lifted its position in FormFactor by 6.4% during the 1st quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company’s stock worth $52,904,000 after acquiring an additional 112,970 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in FormFactor during the 1st quarter worth about $25,838,000. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on FormFactor from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a research note on Saturday. Wall Street Zen upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Citigroup restated a “neutral” rating and issued a $31.00 price target (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Finally, Zacks Research upgraded FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Two research 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, FormFactor presently has an average rating of “Hold” and a consensus target price of $41.00.

Insider Activity at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the 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 completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kelley Steven-Waiss sold 3,600 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was 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 of the company’s stock, valued at $1,079,625.97. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

FormFactor Price Performance

FORM stock opened at $43.17 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. The business has a 50 day simple moving average of $34.77 and a 200-day simple moving average of $32.70. The firm has a market capitalization of $3.33 billion, a PE ratio of 77.09 and a beta of 1.28. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $50.79.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results 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). The company had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. FormFactor’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Equities research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.