Allspring Global Investments Holdings LLC Lowers Stake in FormFactor, Inc. $FORM

Allspring Global Investments Holdings LLC lessened its position in FormFactor, Inc. (NASDAQ:FORM) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,974 shares of the semiconductor company’s stock after selling 81,036 shares during the period. Allspring Global Investments Holdings LLC owned about 0.21% of FormFactor worth $9,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares during the period. Reinhart Partners LLC. lifted its position in FormFactor by 26.3% during the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after buying an additional 500,156 shares during the period. Alliancebernstein L.P. boosted its stake in FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after buying an additional 73,644 shares during the last quarter. Sei Investments Co. boosted its stake in FormFactor by 3.5% in the 3rd quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock worth $59,734,000 after buying an additional 55,101 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in FormFactor by 10.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,127,928 shares of the semiconductor company’s stock valued at $38,812,000 after buying an additional 104,513 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Northland Securities set a $70.00 target price on shares of FormFactor in a report on Thursday, February 5th. Stifel Nicolaus upped their price target on shares of FormFactor from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a research note on Thursday, January 22nd. Finally, Craig Hallum reissued a “buy” rating and set a $90.00 price objective on shares of FormFactor in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.91.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 10,227 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $95.15, for a total value of $973,099.05. Following the transaction, the chief executive officer directly owned 460,859 shares of the company’s stock, valued at $43,850,733.85. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $90.42, for a total value of $313,034.04. Following the transaction, the chief financial officer owned 11,140 shares in the company, valued at approximately $1,007,278.80. This represents a 23.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,882 shares of company stock worth $8,576,161 in the last quarter. 0.90% of the stock is owned by corporate insiders.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $103.16 on Monday. The stock has a 50-day simple moving average of $91.67 and a 200-day simple moving average of $66.55. The stock has a market capitalization of $8.04 billion, a P/E ratio of 149.51 and a beta of 1.04. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $110.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. The firm had revenue of $215.16 million for the quarter, compared to analyst estimates of $210.29 million. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. FormFactor’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Equities analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current 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.