FormFactor, Inc. $FORM Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. cut its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 63.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,694 shares of the semiconductor company’s stock after selling 6,516 shares during the period. Praxis Investment Management Inc.’s holdings in FormFactor were worth $358,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new position in shares of FormFactor in the 4th quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Torren Management LLC acquired a new position in shares of FormFactor during the 4th quarter worth about $41,000. Kestra Advisory Services LLC purchased a new position in shares of FormFactor in the 4th quarter valued at about $53,000. Finally, Clearstead Advisors LLC lifted its stake in FormFactor by 58.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other FormFactor news, Director Brian C. White sold 3,250 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, the director directly owned 8,653 shares in the company, valued at approximately $1,090,278. The trade was a 27.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction 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 trade represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 49,828 shares of company stock worth $6,306,587 over the last three months. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

FORM has been the topic of several research analyst reports. Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a research note on Thursday, April 30th. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, June 11th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, May 12th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Northland Securities set a $118.00 price target on FormFactor in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Price Performance

Shares of NASDAQ FORM traded down $13.14 during trading on Tuesday, hitting $105.53. 523,742 shares of the company were exchanged, compared to its average volume of 1,748,491. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. The firm’s fifty day moving average price is $134.75 and its 200 day moving average price is $105.32. FormFactor, Inc. has a 1 year low of $26.08 and a 1 year high of $160.27. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 121.30 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The business had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. During the same quarter in the previous year, the company posted $0.23 EPS. The business’s revenue 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, sell-side analysts expect that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

FormFactor Company 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.