New York State Teachers Retirement System Sells 600 Shares of FormFactor, Inc. $FORM

New York State Teachers Retirement System reduced its stake in FormFactor, Inc. (NASDAQ:FORM) by 3.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,136 shares of the semiconductor company’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System’s holdings in FormFactor were worth $624,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FORM. Westfield Capital Management Co. LP bought a new stake in FormFactor during the 1st quarter worth approximately $25,838,000. Massachusetts Financial Services Co. MA grew its position in FormFactor by 82.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock worth $55,554,000 after acquiring an additional 885,617 shares during the last quarter. Reinhart Partners LLC. grew its position in FormFactor by 64.8% during the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the last quarter. Select Equity Group L.P. grew its position in FormFactor by 459.5% during the 1st quarter. Select Equity Group L.P. now owns 345,782 shares of the semiconductor company’s stock worth $9,782,000 after acquiring an additional 283,983 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY grew its position in FormFactor by 679.7% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 295,500 shares of the semiconductor company’s stock worth $8,360,000 after acquiring an additional 257,600 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Down 5.1%

NASDAQ:FORM opened at $41.29 on Thursday. The stock’s fifty day moving average price is $34.23 and its two-hundred day moving average price is $32.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 73.73 and a beta of 1.28. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $50.79.

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

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of research analyst reports. B. Riley upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $47.00 in a research report on Friday, October 10th. Wall Street Zen upgraded FormFactor from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Zacks Research raised FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday. Stifel Nicolaus upped their price objective on FormFactor from $31.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

Insiders Place Their Bets

In other news, Director Kelley Steven-Waiss sold 3,600 shares of the stock in a transaction 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 transaction, the director owned 35,479 shares of the company’s stock, valued at $1,079,625.97. This represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total value of $118,200.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

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.