ProShare Advisors LLC Decreases Position in FormFactor, Inc. $FORM

ProShare Advisors LLC reduced its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 48.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,147 shares of the semiconductor company’s stock after selling 14,189 shares during the period. ProShare Advisors LLC’s holdings in FormFactor were worth $845,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE lifted its position in shares of FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of FormFactor by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after purchasing an additional 73,644 shares during the last quarter. Sei Investments Co. lifted its position in shares of FormFactor by 3.5% during the 3rd quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock worth $59,734,000 after purchasing an additional 55,101 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of FormFactor by 10.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,127,928 shares of the semiconductor company’s stock worth $38,812,000 after purchasing an additional 104,513 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of FormFactor during the 3rd quarter worth $37,391,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $136.48 on Wednesday. The company’s fifty day moving average price is $122.36 and its 200 day moving average price is $88.88. FormFactor, Inc. has a 12 month low of $26.08 and a 12 month high of $159.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. The firm has a market capitalization of $10.64 billion, a P/E ratio of 156.88 and a beta of 1.32.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS 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 firm had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. During the same period last year, the business earned $0.23 EPS. FormFactor’s revenue for the quarter 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, sell-side analysts predict that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on FORM. B. Riley Financial lifted their price objective on shares of FormFactor from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a research report on Monday, April 27th. Loop Capital set a $64.00 price objective on shares of FormFactor in a research report on Tuesday, January 27th. Evercore set a $155.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. Finally, Citigroup lifted their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $132.45.

Insider Activity

In related news, CEO Mike Slessor sold 9,438 shares of FormFactor stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $126.52, for a total transaction of $1,194,095.76. Following the sale, the chief executive officer directly owned 447,037 shares in the company, valued at $56,559,121.24. This trade represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of FormFactor stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $90.42, for a total transaction of $313,034.04. Following the sale, the chief financial officer owned 11,140 shares in the company, valued at $1,007,278.80. This represents a 23.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,499 shares of company stock worth $4,932,166 over the last three months. Company insiders own 0.79% of the company’s stock.

FormFactor Profile

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.