Sanctuary Advisors LLC Reduces Stock Position in FormFactor, Inc. $FORM

Sanctuary Advisors LLC lowered its position in FormFactor, Inc. (NASDAQ:FORM) by 27.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,181 shares of the semiconductor company’s stock after selling 4,959 shares during the period. Sanctuary Advisors LLC’s holdings in FormFactor were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in FormFactor by 4.0% during the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after acquiring an additional 108,487 shares during the period. Alliancebernstein L.P. increased its stake in shares of FormFactor by 3.2% during the third 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 in the last quarter. Morgan Stanley increased its stake in FormFactor by 98.5% during the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FormFactor by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock worth $105,208,000 after purchasing an additional 7,150 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of FormFactor by 3.5% in the third quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after buying an additional 55,101 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the completion of the sale, the director owned 7,875 shares in the company, valued at $995,951.25. This represents a 32.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 11,890 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the completion of the sale, the chief executive officer directly owned 435,147 shares of the company’s stock, valued at $52,805,088.45. The trade was a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 38,534 shares of company stock worth $4,864,118. Corporate insiders own 0.79% of the company’s stock.

FormFactor Stock Down 7.7%

Shares of NASDAQ:FORM opened at $104.04 on Friday. FormFactor, Inc. has a twelve month low of $26.08 and a twelve month high of $160.27. The company has a market capitalization of $8.11 billion, a PE ratio of 119.59 and a beta of 1.22. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $126.76 and a 200-day simple moving average of $110.30.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating 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 earnings per share. FormFactor’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities analysts predict that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on FORM shares. Citigroup boosted their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Weiss Ratings cut FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Northland Securities set a $118.00 price target on shares of FormFactor in a research report on Thursday, April 30th. Finally, B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.