Earnest Partners LLC Sells 142,139 Shares of FormFactor, Inc. $FORM

Earnest Partners LLC cut its position in FormFactor, Inc. (NASDAQ:FORM) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,947,088 shares of the semiconductor company’s stock after selling 142,139 shares during the quarter. FormFactor comprises 0.9% of Earnest Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Earnest Partners LLC owned about 0.08% of FormFactor worth $216,593,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in shares of FormFactor in the third quarter worth $37,391,000. Shannon River Fund Management LLC purchased a new stake in shares of FormFactor in the third quarter worth $35,260,000. Reinhart Partners LLC. boosted its stake in FormFactor by 26.3% during the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after buying an additional 500,156 shares during the period. Channing Capital Management LLC purchased a new position in FormFactor during the third quarter worth about $16,909,000. Finally, Two Sigma Investments LP grew its position in FormFactor by 542.7% during the third quarter. Two Sigma Investments LP now owns 358,137 shares of the semiconductor company’s stock worth $13,043,000 after buying an additional 302,409 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Trading Up 1.7%

NASDAQ FORM opened at $89.92 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $83.99 and its two-hundred day simple moving average is $59.11. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $107.04. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 130.32 and a beta of 1.03.

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

Insider Buying and Selling

In related news, CEO Mike Slessor sold 8,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $94.14, for a total value of $815,628.96. Following the completion of the sale, the chief executive officer owned 471,086 shares in the company, valued at $44,348,036.04. The trade was a 1.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kelley Steven-Waiss sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $93.70, for a total value of $206,140.00. Following the completion of the sale, the director directly owned 30,579 shares of the company’s stock, valued at approximately $2,865,252.30. This represents a 6.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 103,324 shares of company stock worth $8,035,286 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Craig Hallum reaffirmed a “buy” rating and issued a $90.00 price target on shares of FormFactor in a report on Thursday, February 5th. B. Riley Financial reissued a “buy” rating on shares of FormFactor in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a research report on Thursday, January 22nd. Piper Sandler set a $100.00 target price on shares of FormFactor in a research note on Monday, February 2nd. Finally, Zacks Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and a consensus price target of $80.91.

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.