Fifth Third Bancorp Lowers Position in FormFactor, Inc. $FORM

Fifth Third Bancorp lowered its holdings in FormFactor, Inc. (NASDAQ:FORM) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,468 shares of the semiconductor company’s stock after selling 829 shares during the period. Fifth Third Bancorp’s holdings in FormFactor were worth $945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Earnest Partners LLC raised its holdings in shares of FormFactor by 0.3% in the 1st quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock valued at $171,299,000 after acquiring an additional 18,039 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of FormFactor by 82.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock valued at $55,554,000 after acquiring an additional 885,617 shares in the last quarter. Reinhart Partners LLC. raised its holdings in shares of FormFactor by 64.8% in the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock valued at $65,541,000 after acquiring an additional 749,088 shares in the last quarter. Royce & Associates LP raised its holdings in shares of FormFactor by 6.4% in the 1st quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company’s stock valued at $52,904,000 after acquiring an additional 112,970 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of FormFactor in the 1st quarter valued at about $25,838,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on FORM shares. Stifel Nicolaus lowered their price target on FormFactor from $34.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, July 31st. Wall Street Zen raised FormFactor from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Finally, Citigroup reissued a “neutral” rating and set a $31.00 price objective (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, FormFactor currently has an average rating of “Hold” and a consensus price target of $38.29.

Insider Activity at FormFactor

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the completion of the sale, the director owned 35,479 shares in the company, valued at approximately $1,079,625.97. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

FormFactor Price Performance

FORM opened at $35.28 on Monday. The stock’s 50 day simple moving average is $31.10 and its 200 day simple moving average is $31.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $50.79. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 63.00 and a beta of 1.24.

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

FormFactor Company Profile

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.