Praxis Investment Management Inc. Reduces Position in FormFactor, Inc. $FORM

Praxis Investment Management Inc. decreased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 63.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,694 shares of the semiconductor company’s stock after selling 6,516 shares during the period. Praxis Investment Management Inc.’s holdings in FormFactor were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FORM. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor during the 4th quarter worth approximately $25,000. UMB Bank n.a. lifted its position in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares in the last quarter. Torren Management LLC purchased a new position in FormFactor during the fourth quarter worth approximately $41,000. Kestra Advisory Services LLC acquired a new position in FormFactor during the fourth quarter worth $53,000. Finally, Clearstead Advisors LLC grew its holdings in FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 389 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of the transaction, the director owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. This trade represents a 32.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at $674,025. This trade represents a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 49,828 shares of company stock worth $6,306,587. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, June 5th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th. Finally, Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Trading Down 11.1%

Shares of NASDAQ:FORM traded down $13.14 during midday trading on Tuesday, reaching $105.53. 523,742 shares of the company’s stock were exchanged, compared to its average volume of 1,748,491. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 121.30 and a beta of 1.22. FormFactor, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $160.27. The firm’s 50 day simple moving average is $134.75 and its two-hundred day simple moving average is $105.32. 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 (NASDAQ:FORM) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. FormFactor’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, sell-side analysts forecast that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

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.