Royal Bank of Canada Sells 44,267 Shares of FormFactor, Inc. $FORM

Royal Bank of Canada trimmed its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613,929 shares of the semiconductor company’s stock after selling 44,267 shares during the quarter. Royal Bank of Canada owned approximately 0.80% of FormFactor worth $17,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Paradigm Capital Management Inc. NY grew its stake in FormFactor by 679.7% during the first quarter. Paradigm Capital Management Inc. NY now owns 295,500 shares of the semiconductor company’s stock worth $8,360,000 after purchasing an additional 257,600 shares during the period. Earnest Partners LLC grew its stake in FormFactor by 0.3% during the first quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock worth $171,299,000 after purchasing an additional 18,039 shares during the period. Comerica Bank grew its stake in FormFactor by 835.0% during the first quarter. Comerica Bank now owns 280,993 shares of the semiconductor company’s stock worth $7,949,000 after purchasing an additional 250,940 shares during the period. Walleye Capital LLC acquired a new stake in FormFactor during the first quarter worth approximately $413,000. Finally, AlphaQuest LLC grew its stake in FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 969 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus decreased their target price on FormFactor from $34.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, July 31st. Citigroup reaffirmed a “neutral” rating and set a $31.00 target price (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Finally, Wall Street Zen cut FormFactor from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and a consensus price target of $38.29.

Insider Buying and Selling

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the sale, the director directly owned 13,126 shares in the company, valued at approximately $387,873.30. This trade represents a 23.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

FormFactor Stock Down 0.6%

Shares of NASDAQ:FORM opened at $29.43 on Wednesday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 52.55 and a beta of 1.24. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $50.79. The business’s 50 day moving average is $31.60 and its 200 day moving average is $31.03.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, sell-side analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.