Earnest Partners LLC Decreases Stake in FormFactor, Inc. $FORM

Earnest Partners LLC lowered its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,947,088 shares of the semiconductor company’s stock after selling 142,139 shares during the quarter. FormFactor accounts for approximately 0.9% of Earnest Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Earnest Partners LLC owned 7.67% of FormFactor worth $216,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FORM. SG Americas Securities LLC purchased a new position in FormFactor in the third quarter worth $508,000. Reinhart Partners LLC. increased its position in shares of FormFactor by 26.3% during the 3rd quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after purchasing an additional 500,156 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of FormFactor during the 2nd quarter valued at $4,715,000. ProShare Advisors LLC raised its stake in shares of FormFactor by 68.8% during the 3rd quarter. ProShare Advisors LLC now owns 29,336 shares of the semiconductor company’s stock worth $1,068,000 after purchasing an additional 11,956 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of FormFactor by 24.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 76,376 shares of the semiconductor company’s stock worth $2,782,000 after purchasing an additional 15,186 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

NASDAQ FORM opened at $89.92 on Friday. The company’s 50 day moving average is $83.99 and its 200-day moving average is $59.11. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $107.04. The company has a quick ratio of 3.60, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.01 billion, a P/E ratio of 130.32 and a beta of 1.03.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The company had revenue of $215.16 million during the quarter, compared to the consensus estimate of $210.29 million. During the same period last year, the firm earned $0.27 EPS. FormFactor’s revenue for the quarter was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Sell-side analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 39,606 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $65.00, for a total transaction of $2,574,390.00. Following the sale, the chief executive officer directly owned 485,995 shares in the company, valued at approximately $31,589,675. The trade was a 7.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheri Rhodes sold 7,634 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $92.61, for a total value of $706,984.74. Following the sale, the director directly owned 10,356 shares in the company, valued at $959,069.16. This trade represents a 42.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 103,324 shares of company stock valued at $8,035,286 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FORM shares. Citigroup increased their price target on shares of FormFactor from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Craig Hallum reiterated a “buy” rating and issued a $90.00 target price on shares of FormFactor in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of FormFactor in a research report on Thursday, January 22nd. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Cantor Fitzgerald upped their price objective on FormFactor from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $80.91.

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.