Sanctuary Advisors LLC Trims Stock Holdings in FormFactor, Inc. $FORM

Sanctuary Advisors LLC trimmed its holdings in FormFactor, Inc. (NASDAQ:FORM) by 27.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,181 shares of the semiconductor company’s stock after selling 4,959 shares during the quarter. Sanctuary Advisors LLC’s holdings in FormFactor were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

FormFactor Trading Down 7.7%

FORM stock opened at $104.04 on Friday. The company has a market capitalization of $8.11 billion, a PE ratio of 119.59 and a beta of 1.22. The firm’s 50-day moving average is $126.76 and its 200 day moving average is $110.30. FormFactor, Inc. has a 12 month low of $26.08 and a 12 month high of $160.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm 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 firm posted $0.23 earnings per share. The company’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, research analysts anticipate that FormFactor, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other FormFactor 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction 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. Insiders sold 38,534 shares of company stock valued at $4,864,118 over the last quarter. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FORM has been the subject of several recent research reports. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target for the company in a report on Friday, June 5th. TD Cowen boosted their price target on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. Stifel Nicolaus set a $135.00 price target on FormFactor in a research note on Thursday, April 30th. Finally, Northland Securities set a $118.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

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.