Bank of America Corp DE Sells 35,331 Shares of FormFactor, Inc. $FORM

Bank of America Corp DE decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,481,059 shares of the semiconductor company’s stock after selling 35,331 shares during the quarter. Bank of America Corp DE’s holdings in FormFactor were worth $240,638,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of FormFactor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after acquiring an additional 2,001 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 4,743 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of FormFactor by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after purchasing an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of FormFactor by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock worth $4,922,000 after purchasing an additional 9,394 shares during the period. Finally, Intech Investment Management LLC increased its holdings in FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after purchasing an additional 8,194 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded FormFactor from a “buy” rating to a “strong-buy” rating in a report on Saturday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday, May 12th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Finally, Citigroup boosted their price objective on shares of FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Stock Performance

Shares of FormFactor stock opened at $108.80 on Tuesday. The stock’s fifty day simple moving average is $123.66 and its 200 day simple moving average is $111.94. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.48 billion, a PE ratio of 74.52 and a beta of 1.25. FormFactor, Inc. has a 12 month low of $27.00 and a 12 month high of $160.27.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. The firm had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company’s revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts predict that FormFactor, Inc. will post 2.13 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dennis Thomas St sold 2,800 shares of the company’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 in the company, valued at $4,404,268.77. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. This represents a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,534 shares of company stock worth $4,864,118 in the last three months. 0.79% of the stock is owned by corporate insiders.

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.