Bank of New York Mellon Corp Reduces Stake in FormFactor, Inc. $FORM

Bank of New York Mellon Corp lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 15.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 633,543 shares of the semiconductor company’s stock after selling 117,809 shares during the period. Bank of New York Mellon Corp’s holdings in FormFactor were worth $61,447,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its stake in FormFactor by 2.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after purchasing an additional 157 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of FormFactor by 1.9% in the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after buying an additional 196 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of FormFactor by 128.9% in the 4th 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 in the last quarter. Maryland State Retirement & Pension System grew its position in shares of FormFactor by 2.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock valued at $635,000 after buying an additional 299 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of FormFactor by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after buying an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Down 0.3%

Shares of NASDAQ:FORM opened at $113.39 on Thursday. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 130.33 and a beta of 1.22. The firm’s 50-day simple moving average is $127.51 and its 200-day simple moving average is $109.97. 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 fifty-two week low of $26.08 and a fifty-two week high of $160.27.

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

Insider Buying and Selling at FormFactor

In related news, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the sale, the director directly owned 29,073 shares in the company, valued at $4,404,268.77. The trade was a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction dated 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 directly owned 5,375 shares in the company, valued at approximately $674,025. The trade was a 54.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 38,534 shares of company stock worth $4,864,118. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Evercore raised shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target for the company in a research report on Friday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. TD Cowen boosted their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.