Allspring Global Investments Holdings LLC Sells 75,463 Shares of FormFactor, Inc. $FORM

Allspring Global Investments Holdings LLC reduced its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 47.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,511 shares of the semiconductor company’s stock after selling 75,463 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FormFactor were worth $8,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its position in shares of FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after buying an additional 157 shares during the period. Blue Trust Inc. raised its stake in shares of FormFactor by 1.9% during the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 196 shares during the last quarter. UMB Bank n.a. lifted its holdings in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the period. Maryland State Retirement & Pension System boosted its stake in FormFactor by 2.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock valued at $635,000 after acquiring an additional 299 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in FormFactor by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of FORM stock opened at $113.39 on Thursday. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $26.08 and a 12-month high of $160.27. The firm has a fifty day moving average of $127.51 and a 200-day moving average of $109.97. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 130.33 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. The business had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The firm’s revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities research analysts forecast that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director owned 5,375 shares in the company, valued at $674,025. The trade was a 54.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the transaction, the director owned 29,073 shares of the company’s stock, valued at $4,404,268.77. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 38,534 shares of company stock valued at $4,864,118. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on FORM. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 target price on shares of FormFactor in a research report on Monday, April 27th. TD Cowen raised their price target on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research 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. Stifel Nicolaus set a $135.00 price objective on FormFactor in a report on Thursday, April 30th. Finally, Zacks Research downgraded FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company 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.